CCI raids Budweiser maker AB InBev’s Hyderabad office for alleged collusion with retailers
Live MintIndia's antitrust regulator is raiding the Hyderabad office of the Indian unit of Anheuser-Busch InBev for alleged anti-competitive practices in the sale of beer, people with direct knowledge of the matter said. Officials of the Competition Commission of India are conducting “search and seizure operations” at AB InBev’s regional sales office in Begumpet in Hyderabad on Thursday. The raids follow an investigation by the regulator that proved AB InBev facilitated tie-ups with retailers that resulted in the boycott of other brands of beer, according to a copy of a CCI petition filed before the Chief Judicial Magistrate in New Delhi. Incentives to these retailers were paid by AB InBev through an agent named Sri Sai Srinivasa Enterprises in Hyderabad, the petition said, a copy of which Mint reviewed.
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