Canada tobacco firms to pay more than C$1 billion
OTTAWA (Reuters) - Two Canadian tobacco firms that pleaded guilty to helping smugglers said on Thursday they would pay more than C$1 billion ($980 million) in fines and payments to boost anti-smuggling efforts over the next 15 years.
Imperial Tobacco Canada Ltd -- a unit of British American Tobacco -- has paid a C$200 million fine and will pay up to C$400 million more over the next 15 years.
Rothmans Benson & Hedges Inc, a unit of Philip Morris and Rothmans Inc, has paid a C$100 million fine and will pay C$450 million more over the next 10 years.
(Reporting by David Ljunggren)
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