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Liquor producer under investigation for misleading shipments

2015-07-26 06:46:18| Beverages - Topix.net

The parent company of Smirnoff and Johnnie Walker is under investigation for possibly shipping more inventory than ordered in an effort to boost its numbers. Diageo confirmed with the Wall Street Journal Thursday it has indeed received a request of inquiry by the Securities and Exchange Commission regarding its trading in the U.S. According to the outlet, the liquor company has been sending excess goods in order to report higher sales and shipments.

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