The Colombian Competition Authority modifies the original terms of the opening of proceedings in an investigation of a possible cartel agreement involving twelve sugar mills, two distributors owned by the sugar mills and the trade association that groups them (Sugar cartel investigation)

The case Recently the SIC, the Colombian competition authority modified the original terms of the opening of proceedings [1] in an investigation of a possible cartel agreement involving twelve sugar mills [2], two distributors owned by the sugar mills [3] and ASOCAÑA, the trade association that groups them. In it the authority decided to open proceedings additionally against the legal representatives of the investigated enterprises, who if founded responsible can be fined up to 2,000 monthly minimum wages (aprox US $500,000.00). The case commenced because a complaint for a sudden increase of prices loaded by a group of producers of a guava sweet called “bocadillo”, of which sugar is the main ingredient (approximately 60%). After the initial proceedings many other companies of the food

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Javier Cortázar-Mora, The Colombian Competition Authority modifies the original terms of the opening of proceedings in an investigation of a possible cartel agreement involving twelve sugar mills, two distributors owned by the sugar mills and the trade association that groups them (Sugar cartel investigation), 8 April 2013, e-Competitions Bulletin April 2013, Art. N° 52515

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