Costco fined $7 million for accepting illegal kickbacks
Source Canadian Grocer
Ontario's government has fined Costco more than $7
million after finding that the company accepted illegal kickbacks at 29
pharmacies in warehouses across the province from 2013 to 2015.
The Ontario Ministry of Health announced Friday it would penalize CWC
Pharmacies (Ontario) Ltd., a wholly owned subsidiary of Costco
Wholesale Canada Ltd., after it found the company received illegal
advertising payments before August 2015.
Costco said it approached the ministry in 2015 for confirmation on
the legality of the payments, which it had been receiving from generic
drug manufacturers for advertising services.