The Competition Commission of India imposes US$ 1.1 Billion penalty for price fixing (Cement Cartel Case)

India's Competition Commission, which was established in 2003 and has been enforcing the cartel provisions of the law since 2009, has imposed fines of approximately US$ 1.1 billion against 11 internationally and locally owned cement manufacturers and their industry association for price fixing. After years without making any penalty decisions, the Commission has recently 'come to life' and made several cartel infringement decisions in rapid succession, of which this case is the most significant. To reduce the chance that their first decisions are overturned in the courts, new competition agencies often prefer to enforce against blatant breaches through direct evidence. This cartel case is

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Peter J. Wang, Sébastien J. Evrard, Hiromitsu Miyakawa, Emily S.Y. Lam, Manoj Bhargava, The Competition Commission of India imposes US$ 1.1 Billion penalty for price fixing (Cement Cartel Case), 20 June 2012, e-Competitions Bulletin June 2012, Art. N° 49927

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