Delhi City Gov. Rejects AB InBev Plea

Authorities in New Delhi have rejected a plea by AB InBev to temporarily lift a 3-year ban while it hears the global beer giant’s appeal against the tax evasion charges. SABMiller – later purchased by and merged with AB InBev in 2016 for around $100 billion – used duplicate barcodes on beer bottles supplied to retailers that year, allowing it to evade alcohol taxation. AB InBev was then barred from selling its products in the critical New Delhi market for the alleged tax evasion…