Pernod Ricard in India – Violating Alcohol Policies and Allegedly Facilitating Money Laundering

Pernod Ricard, one of the largest global alcohol producers, is facing serious formal charges in India for violating government alcohol policy regulations and allegedly facilitating money laundering. Investigations have revealed that the company circumvented state alcohol policies by illegally funding retailers to push their products.

According to regulatory findings, Pernod Ricard provided illegal financial incentives to distributors and retailers to increase alcohol sales – activities that directly violate India’s alcohol laws. These actions not only distort fair market competition but also raise serious concerns about money laundering. Such practices exploit loopholes undermine the government’s ability to control alcohol availability and enforce policies designed to protect communities.

Pernod Ricard’s violations expose a broader pattern of Big Alcohol prioritizing profits over ethical business practices and public accountability. The company’s willingness to break the law demonstrates the lengths to which alcohol corporations will go to maintain market dominance, even at the expense of regulatory integrity and governance. By flooding the market through illegal means, Pernod Ricard weakens the effectiveness of policies meant to regulate alcohol sales and prevent harm.

Sabotage is Big Alcohol’s activity to avoid, violate, and undermine society’s rules, laws, and regulations. Sabotage is Big Alcohol’s strategy to deliberately destroy, damage, or undermine the rules and proper functioning of central institutions of society and democracy, hindering them from responding to alcohol harm in the public interest. Examples of the Sabotage strategy are corruption, bribery, tax evasion and avoidance, breaching alcohol marketing rules, price cartels, and much more

Source:
Market Screener, Pernod Ricard Violated Alcohol Policy in India, Says Internal Investigation, available at: https://uk.marketscreener.com/quote/stock/PERNOD-RICARD-4681/news/Pernod-Ricard-violated-alcohol-policy-in-India-says-internal-investigation-48517444/

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