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

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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.

Singapore

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...

sentifi.com

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