5 electronics manufacturers fined record S$19.5m for price fixing
Sat, Jan 06, 2018 - 5:50 AM
Panasonic was not fined as it had applied for immunity under CCS's leniency programme, which incentivises cartel members to report colluding behaviour in exchange for reduced fines. SCC was fined S$6,993,805; Nichicon, S$6,987,262; Rubycon, S$4,718,170; and ELNA, S$853,227.
FIVE electronics manufacturers which engaged in price fixing and other cartel activity were fined a total of S$19.5 million on Friday, the highest issued by the Competition Commission of Singapore (CCS).
The firms had discussed and agreed on the prices of aluminium...