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New Delhi bans AB InBev for three years for alleged tax evasion

Updated : July 30, 2019 05:27 PM IST

The city government orders from earlier this month followed a three-year investigation which found that beer maker SABMiller — acquired by AB InBev in 2016 for around $100 billion — used duplicate barcodes on its beer bottles supplied to city retailers that year, allowing it to pay lower levies.
AB InBev is the second biggest player in India's $7 billion beer market, accounting for a 17.5 percent market share.
New Delhi bans AB InBev for three years for alleged tax evasion
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