Market Chatter: PepsiCo, Coca-Cola, Unilever Products Seized in Illicit Indian Relabeling Operation

MT Newswires Live16:15

PepsiCo (PEP), Coca-Cola (KO), Unilever (UL), and Nestle products were confiscated after Indian officials raided a Mumbai facility falsifying expiration dates and nutritional details for foreign export, Reuters reported Tuesday, citing state food safety officers and police documents.

During an investigation, regulators seized nearly $80,000 in inventory alongside chemical solvents and printing machinery used to swap original manufacturer markings, the news outlet reported.

Privately held Sadhana Enterprises ran the Navi Mumbai warehouse for 19 exporting companies where the illicit re-labeling work was done, Reuters reported.

PepsiCo, Coca-Cola, Unilever, and Nestle did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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