Colombia’s Superintendency of Industry and Commerce (SIC) made a historic charge against massive cartel discovered operating within the School Meals Plan (PAE) in the city of Bogotá that operated between 2007 and 2017.
The SIC has pinpointed the Colombian Association of Food Suppliers (Asoproval) and 10 contractors, as well as 18 individuals accused of manipulating the results of 21 public tender processes in the last 10 years. The largest, oldest and most consolidated contractors in the market had signed up not to compete with one another over areas to be covered.
“The accused even went so far as to present covert actions using their workers in a deceptive way to request that the rules of the tender be changed, alleging an alleged risk of unemployment, with their work oriented and coordinated by Asoproval,” the SIC said.
If the investigation confirms the violation, Asoproval and the 10 contractors under investigation could face a fine of $78.1 billion Colombian pesos (approximately US$27 million), while individuals will have to pay a fine of $1.5 billion pesos(US$542,200 approximately.)
Full Content: El Espectador
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Pushes Review of CoStar’s Commercial Real Estate Antitrust Case
Jan 31, 2024 by
CPI
UK’s CMA Investigates Ardonagh’s Atlanta Group and Markerstudy Merger
Jan 31, 2024 by
CPI
Greenberg Traurig Grow Financial Regulatory and Compliance Practice
Jan 31, 2024 by
CPI
Dutch Regulator Fines Uber €10 Million for Privacy Violations
Jan 31, 2024 by
CPI
DOJ Investigates AI Competition, Eyes Microsoft’s OpenAI Deal: Bloomberg
Jan 31, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – The Rule(s) of Reason
Jan 29, 2024 by
CPI
Evolving the Rule of Reason for Legacy Business Conduct
Jan 29, 2024 by
CPI
The Object Identity
Jan 29, 2024 by
CPI
In Praise of Rules-Based Antitrust
Jan 29, 2024 by
CPI
The Future of State AG Antitrust Enforcement and Federal-State Cooperation
Jan 29, 2024 by
CPI