S. African Builder To Pay $5.6M Over World Cup Bid-Rigging

Law360, New York (July 31, 2013, 2:25 PM EDT) -- South African construction company Stefanutti Stocks Holdings Ltd. said Wednesday that it has reached an agreement with the country's antitrust regulator to pay an additional $5.6 million penalty to settle bid-rigging allegations tied to 2010 FIFA World Cup improvement projects.

The deal with South Africa's Competition Commission settles antitrust claims related to construction contracts that fell outside of a previous $30 million settlement with the regulator that was announced last month, Stefanutti Stocks said. The construction company was one of 15 that previously agreed to pay a...
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