S. Africa Fines Builders $140M For World Cup Bid-Rigging

Law360, New York (June 24, 2013, 2:22 PM EDT) -- South Africa's antitrust agency announced Friday it had fined 15 construction companies $140 million as part of a settlement of allegations that they colluded in rigging bids for 2010 Soccer World Cup stadiums, upgrading of airports, highway improvements and other projects.

All the companies — including industry leaders Aveng Ltd., Murray & Roberts Holdings Ltd., and Wilson Bayly Holmes-Ovcon Ltd. — had agreed to participate in the Competition Commission's fast-track settlement process aimed at motivating firms to disclose bid-rigging in return for penalties lower than the...
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