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Colombia: Familia group makes payment over diaper cartel

 |  January 24, 2017

Productos Familia, through a statement delivered by Colombia’s Financial Superintendence, has announced it has fully paid the fines imposed on the company by the Superintendence for Industry and Commerce (SIC) over its participation, between 2001 and 2012, in an international price-fixing cartel affecting disposable baby diapers.

The company was fined over actions affecting an estimated 2 million households in Colombia, with the initial amount set at 68,9 billion pesos ($23 million US, approximately). The company, however, has taken advantage of Colombia’s leniency laws, enjoying a 50% reduction on the sanction.

Pablo Felipe Robledo, Colombia’s Superintendent for Industry and Commerce, also announced that the first half of the year will see the conclusion of several other alleged cartels discovered throughout 2016, such as those affecting the cement, cattle auctions, construction materials and private security providers.

Full Content: El Colombiano

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