The UK Competition Authority issues first criminal conviction under the Enterprise Act 2002 following successful cooperation with the US DoJ (Marine Hoses Cartel)

1. Summary On 11 June 2008, three UK businessmen were the first to be criminally convicted under the Enterprise Act 2002, since it came into force in 2003. After an eleven month investigation by the Office of Fair Trading (OFT), in cooperation with the US Department of Justice (DOJ), the men pleaded guilty to participating in a worldwide cartel. The sentences ranged from two and a half to three years imprisonment. The investigation was the first where the OFT and DOJ successfully cooperated in convicting members of a cartel. 2. Background The charges relate to involvement in a worldwide cartel which was responsible for rigging bids, fixing prices and allocating markets in the supply of marine hoses. Marine hoses are flexible rubber hoses, used in the transportation of oil between

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Úna Glazier-Farmer, The UK Competition Authority issues first criminal conviction under the Enterprise Act 2002 following successful cooperation with the US DoJ (Marine Hoses Cartel), 11 June 2008, e-Competitions June 2008, Art. N° 19973

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