India antitrust body raids Associated Alcohols, Som Distilleries in price fixing probe-sources

Som Distilleries and Breweries

27/10/2021 08:42

NEW DELHI, Oct 27 (Reuters) - India’s antitrust watchdog on
Wednesday raided offices of Associated Alcohols & Breweries
 ASAL.NS  and Som Distilleries as part of an investigation into
alleged price fixing in liquor products, two sources with direct
knowledge told Reuters.
    The Competition Commission of India (CCI) officials were
conducting search and seizure operations across several cities
and the case is about the companies allegedly violating
anti-trust laws by colluding on prices while seeking necessary
regulatory approvals in states, the sources added.
    The CCI did not respond to a request for comment. E-mails
and phone calls to Associated Alcohols and Som Distilleries went
unanswered.

 (Reporting by Aditya Kalra in New Delhi; Editing by Sanjeev
Miglani)
 ((aditya.kalra@tr.com; +91-11-49548021; Twitter @adityakalra;))