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ED investigating Philip Morris, Indian partner Godfrey Phillips: Report

Philip Morris has for years paid manufacturing costs to Godfrey Phillips to make its Marlboro cigarettes, circumventing a nine-year-old govt ban on foreign direct investment in the industry

Topics
Ed  |  Enforcement Directorate  |  Philip Morris

Reuters  |  New Delhi 

The Enforcement Directorate (ED) is investigating Philip Morris International Inc and its Indian partner Godfrey Phillips for alleged violation of laws in India, a senior directorate source told Reuters on Thursday. The Enforcement Directorate has been looking into both the companies and the scope of the investigation is much broader than the alleged foreign investment law violations highlighted in a Reuters story published on Wednesday, the source said. Philip Morris has for years paid manufacturing costs to Godfrey Phillips to make its Marlboro cigarettes, circumventing a ...

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First Published: Fri, March 08 2019. 15:24 IST
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