Pernod Ricard Faces Legal Turmoil in India

• Pernod Ricard's internal probe reveals top executives in India violated Delhi laws by colluding with alcohol retailers. The company denies any wrongdoing.
• The Enforcement Directorate accuses Pernod Ricard India of money laundering, alleging unlawful $24 million corporate guarantees to retailers.
• Pernod Ricard's brands are banned in New Delhi, impacting its largest market by volume. The company estimates civil liability could reach $67 million.

Source: Reuters