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Diageo under investigation in Turkey

2015-08-12 18:13:09| Beverages - Topix.net

Turkish authorities have launched an investigation into Diageo's operations in the country, specifically over allegations its raki business took advantage of market dominance. Diageo CEO Ivan Menezes has also had his pay packed slashed by nearly half as a result of the company's poor performance this year Accusations made to Turkey's Competition Authority were judged to be "serious and adequate" enough to begin an inquiry into Mey Icki, the Diageo-owned producer of local spirit raki, according to reports by financial news service Bloomberg.

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