RAIDS ARE PART OF INVESTIGATION INTO CONCERNS OF PRICE COLLUSION WITH SOME RETAILERS SOURCES
By Aditya Kalra
NEW DELHI, Dec 19 (Reuters) -India's antitrust body has raided offices of alcohol giants Pernod Ricard PERP.PA and Anheuser-Busch InBev ABI.BR as it investigates allegations of price collusion with retailers in a southern state, sources familiar with the matter said.
Wednesday's surprise raids by the Competition Commission of India (CCI) targeted the offices in the city of Hyderabad, and some retailers in nearby Telangana state, the five sources said, for one of the biggest such recent crackdowns in the industry.
The sources spoke on condition of anonymity as they were not authorised to speak to the media.
Pernod, maker of brands like Chivas Regal, did not immediately respond to a request for comment.
In a statement, InBev, which makes Budweiser, said, "While we cannot comment on the specifics, we take antitrust compliance very seriously. We are working together in collaboration with the authorities".
The CCI did not immediately respond to a request for comment on the matter.
Reporting by Aditya Kalra; Additional reporting by Aditi Shah; Editing by Clarence Fernandez
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