Brazilian Watchdog Targets Fuel Cartels With $61M In Fines

Law360, New York (March 7, 2013, 6:20 PM EST) -- Brazil's antitrust watchdog said Thursday that it handed down a total of about 120 million Brazilian reais ($61 million) in fines in several cases involving price-fixing at gas stations, in decisions meant to discourage cartel activity throughout the country.  

Three unions or associations, 28 retail gas station companies and 31 people were "condemned" in six cases that involved the Brazilian cities of Teresina, Bauru, Manaus, Caxias do Sul and Londrina, a spokeswoman for the Brazilian Administrative Council for Economic Defense, known as CADE, told Law360.   ...
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