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Big tobacco fined $300 million for contraband

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Big tobacco fined $300 million for contraband


Business | 208193 hits | Jul 31 8:43 am | Posted by: WDHIII
7 Comment

OTTAWA -- Two of Canada's largest tobacco companies have been fined a record $300 million after pleading guilty to customs charges related to contraband cigarettes and smuggling

Comments

  1. by avatar robmik43
    Thu Jul 31, 2008 11:15 pm
    So...the only individuals penalized for what are apparently
    illegal acts, are the shareholders of the tobacco companies.
    That'll teach 'em.

  2. by Anonymous
    Fri Aug 01, 2008 1:35 am
    Actually it's in the billions but revenue Canada cant lose that and if anyone watched the poor tobacco. exec on the news tonight saying how no one should go to jail because the fine was so steep.....well,I'm speechless.

    These people sell death on a stick but because they paid a big enough fine they get a pass? And they get 20 years to pay it,nothing like rev Canada making sure the money keeps coming in.


    All that fraud and no jail time,rest assured if you owed the govt. $2000.00 they would run you into the ground.

  3. by Anonymous
    Fri Aug 01, 2008 2:33 am
    These people should go to jail for defrauding revenue Canada.
    And all the Top staff at Revenue Canada should be let go and replaced.

    And the rest of us should be emberassed that we have such blatent shit still happening here where someone in a suit gets a pass because they have friends in high places.

  4. by avatar Tracker
    Fri Aug 01, 2008 2:33 am
    Sounds like a real drag.

  5. by Anonymous
    Fri Aug 01, 2008 2:46 am
    "Tracker" said
    Sounds like a real drag.


    Rev. Canada wants us to "butt out"or do they?

  6. by Anonymous
    Fri Aug 01, 2008 2:48 am
    "Tracker" said
    Sounds like a real drag.


    You can have a drag as long as you dont ni**erlip that butt mon ami.

  7. by avatar DrCaleb
    Fri Aug 01, 2008 7:42 pm
    I wondered if anyone would notice, Philip Morris bought Rothmans the same day, for $2B.

    http://www.financialpost.com/story.html?id=693398



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Who voted on this?

  • WDHIII Thu Jul 31, 2008 7:51 am
  • mtbr Fri Aug 01, 2008 1:39 pm
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