Scrap metal cartel in Australia fined $364,000 for price-fixing
Dec 13, 2004 | 09:32 AM
| Paul Schaffer
Australia's Competition and Consumer Commission says its action against a scrap metal cartel in New South Wales has led to court fines equivalent to $364,000.The convictions in federal court in Sydney were primarily based on cheating at four 1999 auctions involving material from the former Broken Hill Proprietary Co. Ltd. However, the commission said, "evidence was given by witnesses that the rings had operated at scrap metal auctions in New South Wales for decades."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.