Competition Comm clears Carlsberg Breweries deal devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
The National Company Law Appellate Tribunal (NCLAT) has upheld the Rs873-crore penalty imposed by fair trade regulator CCI on United Breweries and other beer makers.
Fair trade watchdog CCI fines United Breweries, Carlsberg for cartelisation uniindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from uniindia.com Daily Mail and Mail on Sunday newspapers.
Synopsis
The findings cast a fresh shadow on operations and compliance practices at the Indian joint venture of Danish brewer Carlsberg A/S, which according to IWSR Drinks Market Analysis has a 17% share of India’s $7 billion beer market.
Agencies
Responding to questions from Reuters, Carlsberg said, “We cannot rule out breaches of our policies and code of conduct.” The company said it does everything possible to prevent such incidents.
New Delhi: An investigation of alleged unlawful practices at Carlsberg India found “potential improper payments” to government officials and other regulatory lapses, its former auditor said in a document seen by Reuters.