The Competition Commission, headed by CEO Rasul Butt (pictured), has recommended reduced fines be imposed on three companies that engaged in a cartel. Photo: David Wong
The Competition Commission, headed by CEO Rasul Butt (pictured), has recommended reduced fines be imposed on three companies that engaged in a cartel. Photo: David Wong

Hong Kong antitrust watchdog recommends reduced fines for 3 companies that took part in cartel

  • The reduced penalties were the result of an agreement under which the three companies cooperated with investigators
  • The Competition Commission found the companies had worked together to fix prices, rig bids and divvy up the market to the detriment of their clients

Topic |   Crime in Hong Kong
The Competition Commission, headed by CEO Rasul Butt (pictured), has recommended reduced fines be imposed on three companies that engaged in a cartel. Photo: David Wong
The Competition Commission, headed by CEO Rasul Butt (pictured), has recommended reduced fines be imposed on three companies that engaged in a cartel. Photo: David Wong
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