Authorities in South Africa have confirmed that each 2010 World Cup project suspected of being subject to anticompetitive collusion will each get a separate case as the Competition Commission vowed to pursue the maximum penalties.
Reports say the Commission’s decision to treat each project as a separate case could dramatically increase the total value of fines ultimately given. Further, say reports, some firms could be fined several times.
The cases will involve construction companies that won contracts to build World Cup infrastructure for the 2010 games and refused to settle with the Commission.
Fifteen companies have so far settled with regulators regarding the matter. The firms are suspected of fixing prices, rigging the bidding prices and other anticompetitive practices that affected World Cup infrastructure.
Full content: BDLive
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