Advertisement
Categories: NewsPakistan

Reckitt Benckiser Complies with Tribunal Order, Deposits PKR 15 Million Penalty

Advertisement

In compliance with the Competition Commission of Pakistan’s (CCP) order for unsubstantiated claims in advertisements violating Section 10 of the Competition Act, Reckitt Benckiser (RB) Pakistan has deposited a PKR 15 million penalty into the national exchequer. This recovery demonstrates a positive commitment to regulatory compliance by business entities.

The issue was initially brought to attention through a formal complaint filed by Unilever Pakistan, accusing Reckitt Benckiser of misleading advertising. RB’s campaign claimed that Dettol Soap could eliminate 99.9% of germs and offer 24-hour protection against germs, cold, and flu.

The CCP, following a thorough inquiry, found Reckitt Benckiser’s claims about Dettol Soap to be unsubstantiated and in violation of Section 10 of the Competition Act, 2010. Consequently, a penalty of PKR 30 million was imposed.

RB appealed the CCP’s findings to the Competition Appellate Tribunal (CAT). On July 11, 2024, the Tribunal upheld the CCP’s decision but reduced the penalty from PKR 30 million to PKR 15 million, allowing RB 60 days to deposit the amount.

After the 60-day deadline for depositing the penalty, as specified in the Tribunal’s verdict, the CCP issued a recovery notice to RB on September 26, 2024. In compliance, RB promptly deposited the PKR 15 million penalty, fully adhering to the Tribunal’s order.

Advertisement
Zayn

Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

Recent Posts

Supernet Technologies Enters Next Phase of Growth; Board Approves Rs915 Million Rights Issue

Supernet Technologies Limited (PSX: STL) has announced that its Board of Directors has approved a…

2 hours ago

PTCL confirms Nadeem Khan as Chief Executive Officer

The Board of Directors of Pakistan Telecommunication Company Limited (PTCL) today confirmed Nadeem Khan as…

24 hours ago

LUCKY INVESTMENTS EXPANDS ITS NATIONWIDE PRESENCE, OPENS NEW BRANCH IN LAHORE

Lucky Investments Limited ("Lucky Investments"), one of Pakistan's fastest-growing Shariah compliant Asset Management Companies, has…

1 day ago

LUMS Celebrates the Graduating Class of 2026 – More than 1,500 graduates were awarded

LAHORE: The Lahore University of Management Sciences (LUMS) celebrated the achievements of its graduating Class…

2 days ago

Meezan Bank Partners with LUMS to Advance Islamic Finance Education in Pakistan

Meezan Bank, Pakistan’s leading Islamic bank and one of the country’s largest banks, has partnered…

2 days ago

PTCL Flash Fiber surpasses 900,000 subscribers, reinforcing leadership in Pakistan’s fiber broadband market

Pakistan Telecommunication Company Limited (PTCL) has achieved another significant milestone as PTCL Flash Fiber, the…

5 days ago