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.

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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'.

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