Brazilian Antitrust Watchdog Raids Wheat Flour Cartel

Law360, New York (April 18, 2013, 4:35 PM EDT) -- Brazil's antitrust watchdog has raided several flour millers and distributors based on concerns about a conspiracy to fix prices and divvy up market shares, the agency said Thursday.

The Administrative Council for Economic Defense, known as CADE, carried out dawn raids March 17 in a search for documents about a possible wheat flour cartel in the northeastern part of the country.

The agency used 15 warrants to search six wheat millers, three distributors and one commercial association in Maceio, Fortaleza, Natal and Recife alongside the Brazilian...
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