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Tobacco companies fined £225m

19th April 2010

Two tobacco companies and nine retailers have been fined a total of £225 million by the Office of Fair Trading.

The companies were fined because the OFT found them guilty of "unlawful" pricing arrangements between 2001-2003. The OFT stated that it understood that the companies had "linked" the prices of some products in order to curtail competition. The largest fine of £112.3 million was given to Imperial Tobacco.

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Article Information

Title: Tobacco companies fined £225m
Author: Jess Laurence
Article Id: 14652
Date Added: 19th Apr 2010

Sources

BBC News

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