An internal investigation ordered by Pernod Ricard concluded that top executives at its India business violated the law by colluding with alcohol retailers in New Delhi, according to a document seen by Reuters,

An internal investigation ordered by Pernod Ricard concluded that top executives at its India business violated the law by colluding with alcohol retailers in New Delhi, according to a document seen by Reuters.

Despite repeated denials of any wrongdoing regarding the alleged violation of domestic rules—specifically using corporate guarantees to back retailers, involving top executives of its Indian unit—an internal investigation by French spirits giant Pernod Ricard revealed that there was truth to the claims.

As a result of the probe, PRI brands have been banned from sale in New Delhi, a crucial market, and the company is appealing the decision. The report called for Mishra's dismissal or resignation, noting his key role in approving financial assistance to retailers;

Internal investigation found that top executives at Pernod Ricard India violated the law by collaborating with alcohol retailers in New Delhi. The French company's representatives continue to deny wrongdoing.

An internal investigation ordered by Pernod Ricard concluded that top executives at its India business violated the law by colluding with alcohol retailers in New Delhi, according

Pernod Ricard India (PRI) of engaging in money laundering by unlawfully facilitating $24 million in corporate guarantees to help some retailers fund their license bids in exchange for stocking more Pernod brands.