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Ethics

: Ethisphere Blog - Good. Smart. Business. Profit.

Price Fixing Mixed Into Egyptian Cement Industry

By Ethisphere.com

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Twenty executives from the Egyptian cement industry were fined $1.87 million each after being found guilty of price fixing. Each of their respective companies will be fined an additional $1.87 million. According to the Daily News Egypt, this trial was the first of its kind, as the country’s anti-monopoly laws went into effect just three years ago. The gritty truth? The accused should be thankful that their scheme was uncovered when it was. New legislation that was enacted after their t read more

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Full post as published by Ethisphere Blog - Good. Smart. Business. Profit. on August 26, 2008 (boomark / email).

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