AUSTIN (KXAN) — Austin-based Twin Liquors will have to pay the Texas Alcoholic Beverage Commission $500,000 after a year-long investigation into the company’s administrative violations.
In April 2013, a federal search warrant was served to Twin Liquors, which is headquartered at 5639 Airport Boulevard.
In October 2013, TABC filed an administrative case against Twin Liquors claiming the company was involved in unlawful agreements and prohibited relationships between the package store chain and businesses in other tiers of the alcoholic beverage industry.
Earlier this week, both parties came to a settlement agreement. In the agreement, Twin Liquors agreed to end wholesale operations in 10 of their 75 retails stores.
“The problems identified by TABC and that we at Twin Liquors have now settled arose under former management. Twin Liquors is now in good standing with TABC,” said the owners of Twin Liquors, Margaret and David Jabour in a statement to KXAN News. “We look forward to opening new stores in the near future and are gratified this has come to an acceptable resolution.”
If the business does not pay the $500,000 fine, they will be forced to shut down operations for seven weeks.