Criminal competition investigation into the supply of the galvanised steel tanks for water storage

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By Alexandra Brown

The Office of Fair Trading (OFT) has announced that criminal proceedings have been started in its latest cartel offence investigation. This is one of two current criminal investigations that the OFT is pursuing at present.

The investigation involves Mr Peter Nigel Snee, who was charged on 13 January 2014 under section 188 of the Enterprise Act 2002, i.e. the criminal cartel offence. He appeared on 27 January 2014 at Westminster Magistrates Court and was due to appear at Southwark Crown Court on 4 February 2014 for a preliminary hearing.

The cartel offence is the criminal offence that applies to individuals who dishonestly engage in cartel agreements, i.e. to agree to make or implement, or to cause to be made or implemented, arrangements that constitute certain types of cartel activity, namely price fixing, limiting or preventing supply or production, market sharing and bid rigging. It operates alongside the existing civil competition law regime…

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