Latvia charges 2 Lithuanians for counterfeiting Ariel laundry products in organized criminal venture [Yahoo! Finance Canada]
Procter & Gamble Company (The) (PG)
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Source: Yahoo! Finance Canada
In November 2023, Latvian police, in cooperation with tax and customs officials, uncovered a large-scale operation in a residential area of Riga, the Latvian capital, where counterfeit Ariel laundry detergents were packed and stored. The police shared photos of the discovery in a Facebook post The discovery included a warehouse filled with 22 metric tons of fake washing powder and liquid detergent bearing the Ariel trademark, along with packaging materials, labels and false shipping documents. Latvian police said Thursday it had completed an investigation into the case and that the two Lithuanian citizens, born in 1978 and 1990, now face charges for “illegal production of counterfeit products, illegal use of a trademark, forgery of a mark" as well as deliberate use and distribution of a forged trademark. The suspects are believed to be part of an organized crime group responsible for producing and distributing counterfeit Ariel products across Europe. If convicted, they could f
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PG
Earnings
- 10/18/24 - Beat
PG
Sec Filings
- 11/21/24 - Form 144
- 10/30/24 - Form 25-NSE
- 10/25/24 - Form 4
- PG's page on the SEC website