Topic: Bid rigging

Korean prosecutors issue first-ever antitrust indictments without KFTC referral

The public prosecutor in Seoul has accused eight companies and 14 individuals of rigging bids on furniture manufacturing projects, marking the first time it has issued indictments without a prior accusation from Korea’s Fair Trade Commission.

20 April 2023

Spain raids travel agencies

Spain’s antitrust watchdog has raided several unnamed companies in the travel agency sector as part of an investigation into the alleged rigging of bids for government contracts.

17 April 2023

Australian court fines architecture company for attempted bid-rigging

The Federal Court of Australia has fined an architecture company and a former executive for attempting to rig bids for a government-funded university construction project.

13 April 2023

Japan issues highest-ever antitrust fine to electricity cartel

Japan’s competition authority has hit four former utilities with over €700 million in fines for illegally conspiring to suppress competition after the country’s electricity market was deregulated, in what is the agency’s largest fine for an antitrust violation.

30 March 2023

Japan punishes another pharmaceutical wholesaler cartel

Japan’s competition watchdog has fined five pharmaceutical wholesalers a combined €4.5 million for rigging bids to supply drugs to the country’s largest hospital administrator.

27 March 2023

Attorney sanctioned for “outrageous” fee request

A Utah-based lawyer has been fined $25,000 for making a baseless demand for $250,000 in attorneys fees after his clients lost a bid-rigging trial.

27 March 2023

CMA issues first major cartel fines in over a year

The UK’s Competition and Markets Authority has fined 10 construction companies over £59 million for rigging bids for asbestos removal contracts worth over £150 million.

23 March 2023

Korea fines vinyl film cartel

Korea’s competition watchdog has sanctioned 11 vinyl film producers for colluding to fix the price of plastic sheeting used in greenhouses by farmers and agricultural businesses.

16 March 2023

Eleventh Circuit rejects Venezuelan president’s bid to intervene in antitrust suit

Venezuela's state-owned oil company cannot advance price-fixing claims in US court because the State Department does not recognise the country’s current government, a federal appellate court has ruled.

15 March 2023

Ecuador upholds Odebrecht fine

Ecuador’s competition watchdog has confirmed antitrust fines of $58 million against Odebrecht and a state-owned electricity distributor after the former bribed government officials to ensure it won tenders for construction and repair work.

14 March 2023

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