Gift certificate theft is a money laundering method that raises cash by selling gift certificates bought with corporate cards to private purchasers.
The Fair Trade Commission said Cheil Pharmaceutical provided 250 million won worth of unfair economic benefits, including golf, meals and alcohol, from January 2020 to November last year, asking some 1,700 doctors to prescribe their medicines.
Cheil Pharmaceutical delivered food to doctors' homes or offices and even left cars in need of maintenance at the repair shop, the investigation found.
The FTC explained that in the past, cash was often given as rebates, but as the legal network became tighter, more and more cases are diverting to in-kind or convenience provision.
The FTC said it will work organically to ensure desirable trading practices are established in the drug market by sharing the results of the disposition with related agencies such as the Ministry of Health and Welfare and the Ministry of Food and Drug Safety.
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