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Market Chatter: Diageo's Indian Unit Submits Documents in New Delhi Anti-Corruption Probe
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Market Chatter: Diageo's Indian Unit Submits Documents in New Delhi Anti-Corruption Probe
Aug 19, 2024 3:14 AM

05:48 AM EDT, 08/19/2024 (MT Newswires) -- Diageo's ( DEO ) Indian unit, United Spirits, has submitted financial documents requested by New Delhi's anti-corruption police, Reuters reported Sunday, citing an unnamed source familiar with the matter.

The submitted documents included bank statements, records of financial transactions with Delhi city agencies, and signed agreements related to the liquor supply between 2017 and 2020, the report said.

The report added that Hina Nagarajan, the CEO of Diageo's ( DEO ) Indian unit, summoned by New Delhi police on July 26, submitted many documents through a company representative.

Diageo ( DEO ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 128.35, Change: -0.27, Percent Change: -0.21

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