Authorities in New Delhi have rejected a plea by Anheuser-Busch InBev to tempora...
) to temporarily lift a 3-year ban while it hears the global brewer’s appeal, a senior government source told Reuters.
A three-year investigation by authorities in India’s capital found that SABMiller - acquired by AB InBev in 2016 for around $100 billion - used duplicate barcodes on beer bottles supplied to retailers that year, allowing it to pay lower levies. “The order was detailed, there was no ground to give an interim stay,” said the official, who declined to be named as the decision is not public.
In recent weeks, AB InBev’s senior executives, including vice president for legal & corporate affairs for South Asia, John K. Johnson, appeared before the Delhi officials who are hearing the company’s appeal, the second government source and a third person familiar with the matter said.
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