Diageo under the spotlight in Delhi police investigation

2024-08-20 https://www.thisismoney.co.uk/money/markets/article-13760579/Diageo-spotlight-Delhi-police-investigation.html HaiPress

Diageo is facing an anti-corruption investigation at its Indian business as problems mount for the Guinness maker.

United Spirits,Diageo's India unit,has submitted financial documents requested by the New Delhi police.

United Spirits,has submitted financial documents requested by the New Delhi police

Their probe is related to the company's supply of alcohol to government-run shops,and how those agencies occasionally offered early payments to suppliers that provided discounts.

Police are investigating whether there was any wrongdoing in this process.

Previous 1 Next

Diageo toasts golden year of Guinness as women fall crazy in...

Diageo boss warns Latin American hangover could last another...

MARKET REPORT: AstraZeneca tipped to become first £200bn...

BUSINESS LIVE: St James's Place to cut £500m in costs; BP...

Share this article

HOW THIS IS MONEY CAN HELP

50 of the best funds and investment trusts: Our experts reveal their top ideas

Hina Nagarajan,boss of United Spirits,was summoned to appear before police last month as part of the investigation.

Although she did not attend,the spirits giant submitted documents that were sought by authorities. Diageo,which makes Baileys and Smirnoff,owns 56pc of United Spirits,also known as Diageo India.

It also owns Indian Premier League cricket team,Royal Challengers Bangalore.

Diageo confirmed that it had received the Delhi police notice and said it would fully cooperate and was 'in the process of providing the information'.

DIY INVESTING PLATFORMS

AJ Bell

Easy investing and ready-made portfolios

Learn More

Hargreaves Lansdown

Free fund dealing and investment ideas

Learn More

interactive investor

Flat-fee investing from £4.99 per month

Learn More

Saxo

Get £200 back in trading fees

Learn More

Trading 212

Free dealing and no account fee

Learn More

Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team,as we think they are worth highlighting. This does not affect our editorial independence.

Compare the best investing account for you

Disclaimer: This article is reproduced from other media. The purpose of reprinting is to convey more information. It does not mean that this website agrees with its views and is responsible for its authenticity, and does not bear any legal responsibility. All resources on this site are collected on the Internet. The purpose of sharing is for everyone's learning and reference only. If there is copyright or intellectual property infringement, please leave us a message.

Newest

1Bifu Empowers Traders to Navigate the RWA Landscape

Bifu Empowers Traders to Navigate the RWA Landscape

2From manufacturing to "smart" manufacturing: How CYCJET uses inkjet technology to enable product identification upgrades

From manufacturing to "smart" manufacturing: How CYCJET uses inkjet technology to enable product identification upgrades

Handheld Inkjet Printer Australian Morning Post American fortune daily American People Network United States Newsletter BBC Network News American news network Startup Weekly New York City Morning Post Bloomberg Digital Journal Yahoo See industrial inkjet printer