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Imperial Tobacco Canada, federal government and provinces reach resolution on contraband tobacco investigation 

Jump to full article: Canada Newswire (CNW) (ca), 2008-07-31
Author: IMPERIAL TOBACCO CANADA

Intro:

Today in Montreal, the Company entered a plea of guilty to a regulatory violation of a single count of section 240 (1) (a) of the Excise Act and has paid a fine. The Company has also entered into a 15-year civil agreement (the Comprehensive Agreement) with the federal and provincial governments.

"We are pleased to have resolved this issue," said Benjamin Kemball, president and CEO of Imperial Tobacco Canada. "Today's events give our business the stability it needs to move forward to address, with clarity and focus, the issues, opportunities and challenges it faces today and will face in the future."

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