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5 electronics manufacturers fined record S$19.5m for price fixing

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...

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