December 14, 2020 A waiter carries a beer mug at a pub in Mumbai Reuters Top executives of Carlsberg, SABMiller and India’s United Breweries (UB) exchanged commercially sensitive information and colluded to fix beer prices in India over 11 years, according to a government antitrust investigation report seen by Reuters. The Competition Commission of India (CCI) in 2018 raided the offices of the three brewers and started an inquiry. The investigation’s findings – which are not a final judgment of wrongdoing – cast a shadow on the brewers, which account for 88 per cent of India’s US$7 billion (S$9 billion) beer market. Senior CCI members will consider the report, drafted in March, as they decide on fines, which could exceed US$250 million, two sources familiar with the case said. The CCI members could agree with or dispute the findings of its investigation team.