Coal India Fined $290M By Antitrust Watchdog

Law360, New York (December 10, 2013, 3:51 PM ET) -- India’s competition watchdog announced Monday it was levying a fine of 17.7 billion rupees ($290 million) against state-run mining giant Coal India Ltd. and three of its subsidiaries for illegally leveraging its dominant position as the country’s largest supplier to enter into unfair supply deals.

In a 101-page order, the Competition Commission of India found that Coal India had been using its role as India's largest coal miner to force buyers into extremely one-sided fuel supply agreements, or FSAs, and other unfair pacts.

“The commission is...
To view the full article, register now.

Dewey Verdict Watch

Follow our exclusive coverage of the trial of the year:

Click here for the latest