![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
Truck Cartel * Australia - Costs Hino dealers more than $1 million
Brisbane,QND,Australia -ATN -November 4, 2009: -- Two Queensland truck retailers and three individuals have been slapped with more than $1 million in total penalties for their involvement in a truck cartel... The Brisbane Federal Court found Vanderfield and Sci-Fleet Motors guilty of price fixing and market sharing between February 2005 and September 2006... Vanderfield, which sells Hino trucks in Toowoomba and on the Gold Coast, and Sci-Fleet, which operates in Brisbane, were each fined $500,000 and company individuals $30,000 each... Individuals risk jail sentences of up to 10 years and fines of up to $220,000 per offence for serious cartel conduct... Companies can be fined $10 million, three times the total value of the benefits obtained, or 10 per cent of the corporate group's annual turnover in a 12-month period when the contravention occurred...Labels: truck cartels
posted by Unknown @ 7:25 AM
0 Comments:
Post a Comment
<< Home