A Woolworths
(ASX:WOW) executive has been sacked due to a police investigation into an alleged kickback scheme.
Bill Harvey, Woolworths' national buyer for coffee, tea and sugar, was detained by police at the company's Sydney headquarters on Friday.
He was sacked yesterday following an internal investigation by Woolworths.
The investigation is believed to center on 'promotional surcharges' of between 15 and 20 per cent paid by food wholesalers to Woolies to have their products stocked in its stores.
Woolworths achieved a $1.8 billion net profit result in 2009.
