Blog: Can you smoke without fire?
Chris Brook-Carter | 17 February 2004
There is no smoke without fire, or so the saying goes. But in this media-led world, dominated by a cynical public who distrust everyone and everything from polticians to big business, has it become too easy to suspect all those who hold power of wrong doing?
The Coca-Cola Company is a case in point. As one of the world's largest US-owned groups, it has become a leading target for all those protesting about all that is wrong with the modern world, from pesticides in soft drinks (India) and coercion against workers (Columbia), to anti-trust business practices (Europe).
It was interesting, then, to see a report in the US press today, quoting several former federal prosecutors on the subject of Coke's current US government investigation into allegations of fraud.
Rather than join an easy bandwagon in condeming Coke before it is found guilty, they suggest the investigaiton will turn up nothing illegal.
"From the things that I've seen, they've done an internal investigation that refuted many of the allegations. If that holds out and proves to be the case, I would expect the government to reach a similar conclusion," said Richard Deane, a former attorney in Atlanta.
Another former federal preosecutor said: "Some people on the street might think that where there's smoke there must be fire, but that may not necessarily be true. The government might ultimately decide there is no fire and there is no basis to bring forth charges."
Here's a round-up of the big stories on just-drinks last week, featuring AG Barr, Bombay Sapphire, Wines of South Africa and Pabst Brewing Co....
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Here's a round-up of the big stories on just-drinks last week, featuring SABMiller, Orangina Schweppes, PepsiCo and Scottish devolution....
- No Home Comfort for TWE as Bids Collapse
- Bacardi Seeks Own History at Bombay Sapphire Home
- Treasury Wine Estates: Here I Go Again On My Own
- NPD: The Craft Cocktail Revolution
- Private-equity bids "over" - TWE head
- Carlsberg suspends production at Russian brewery
- Anheuser-Busch InBev appoints new AmBev CEO
- Suntory Holdings to split beer, spirits division
- Treasury Wine Estates pulls plug on takeover talks
- Quintessential Brands changes MD at Essential unit