Massachusetts Accuses Anheuser-Busch of Unlawful Giveaways

Anheuser-Busch InBev (BUD) , the Budweiser beer parent, is being accused by the State of Massachusetts of dishing out about $1 million in unlawful giveaways that were meant to entice bars and retailers to push its product over rivals, the Wall Street Journal reports.

Massachusetts' Alcoholic Beverages Control Commission released a report on the details of its investigation into the practice and has set a hearing for June in Boston on the issue.

The report alleges that an Anheuser-Busch subsidiary had given out incentives in the form of bar equipment to hundreds of businesses in the state, which violates a law designed to keep beer companies from pushing out the competition.

Sales representatives are said to have "offered the refrigeration equipment to the retailers at no cost, provided the equipment was only utilized for Budweiser products," the report said, the Journal added.

The company says anything it provided to bars or businesses was done so lawfully.

Retail's downturn giving you the blues? Jim Cramer has a list of retailers that are currently oversold, giving investors a leg up one of the market's most volatile sectors.

If you liked this article you might like

10 Winter Beers Here Before Halloween

Democrats Target Megamergers in Populist Political Play

Walmart Is One of 63 Companies Contributing Massively to Aid Harvey Relief

Corporate America Wants a Piece of the Mayweather, McGregor Money Giveaway

With Eyes on Solar Eclipse, Wall Street Stumbles Yet Again