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Role of the European Commission

Monday 24 October 2005 at 12:05 pm | In News | Post Comment

The European Commission has fined four Italian tobacco processors a total of €56 million for colluding over a period of more than six years on the prices paid to growers and other intermediaries and on the allocation of suppliers. Such collusion is outlawed by the EC Treaty’s ban on restrictive business practices (Article 81).

The Commission noted that one of the cartel members which had applied for lenient treatment committed a serious breach of its leniency confidentiality obligations and so did not receive full immunity from fines.

More information here