NEW DELHI - Philip Morris International Inc’s Indian partner charges machinery-related costs for manufacturing its Marlboro cigarettes in India, the company said on Wednesday, following a Reuters article that showed it may have circumvented foreign direct investment rules.
Philip Morris’ director for corporate affairs in India, R. Venkatesh, said on Wednesday that under that agreement Godfrey “manufactures Marlboro cigarettes and recharges any costs related to special machinery for the manufacture” of those cigarettes to the global tobacco giant’s Indian unit. After the Reuters report was published, a senior official at India’s main financial crime-fighting agency, the Enforcement Directorate, said Philip Morris and Godfrey were being investigated for alleged violations of the country’s laws. The scope of the investigation, the source added, was much broader than the issues highlighted in the Reuters story.
Philip Morris paid Godfrey for items ranging from large cigarette-making machines to costs of smaller equipment such as barcode scanners and printers deployed in Godfrey’s factories, the Reuters review of documents found.
On first glance, I thought it read, 'Smoking Harms Unicorn Babies'
In Singapore they charge refrigeration cost in the supermarket 🤔 Cheaper to buy a room temp juice than the exact same one from the refrigerator LOL. I don't know if it's in other countries but I was shocked when I saw that
So DOES VAPING. SO DOES VAPING
They should learn that the Cigarette industry is a dying breed. As countries impose tighter regulations and people become more health conscious, going around the rules won't help them anymore. They need to pack up and invest in something else. Adapt or perish
Do you ever write headlines that actual humans can understand?
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