Pakistan, July 26 -- The Competition Commission of Pakistan (CCP) has recovered a penalty of Rs 150 million from Reckitt Benckiser Pakistan Limited for the deceptive marketing of its product Strepsils.
The recovery was made by attaching the company's bank account after the dismissal of its appeal by the Competition Appellate Tribunal (CAT), said a press release issued here on Friday. Section 40(2)(a) of the Competition Act, 2010, authorizes the CCP to recover penalties by attaching the bank accounts of entities that fail to comply with its orders.
The CCP had imposed the fine on Reckitt Benckiser for misleading consumers by presenting Strepsils as a medicated remedy for sore throats. The product had been de-registered as a drug after it...
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