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October 2021
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Actress Shruti Haasan launches parcos.com        Scotland bundle out Oman for 122        Arrest warrants against 12 war criminals in Bangladesh        Cabinet hikes DA for central govt employees        CGH Earth plans 10 caravan parks across Kerala        Milma launches ‘Deepavali Gift Box’        Presidents of Maldives, Malawi, Israeli PM, US Secretary of State congratulate India on reaching vaccination milestone        Australia recover to post 152/5 as Kohli emerges as sixth bowling option        No application for virtual internship to be entertained: Sebi        IMF Chief Economist Gita Gopinath to leave job and return to Harvard University        Nepalese national raped in Delhi's Amar Colony area        Kerala rains: 39 dead, 3851 families in rehabilitation camps, says CM Pinarayi        Samajwadi Party has deviated from 'samajwad' to 'pariwarwad': PM        Orthopaedic problems in growing children        Delhi CM meets ace chess player Tania Sachdev, asks Sisodia to felicitate her        Adani group companies to invest over $50-70 billion in renewable energy value chain        Sirajuddin Haqqani meets families of slain suicide bombers, calls them 'heroes of Islam, country'        Modi government failed to control violence in J&K: Rahul        Air Customs officials seize gold worth around Rs 1.42 crores at Kannur Intl Airport        29 killed in Nainital, Almora in Uttarakhand rains        
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Business News
Fair trade watchdog CCI fines United Breweries, Carlsberg for cartelisation
 
New Delhi, Antitrust watchdog Competition Commission of India (CCI) has imposed penalties of Rs 750 crore and Rs 120 crore on United Breweries Ltd (UBL) and Carlsberg India Pvt Ltd (CIPL) respectively for indulging in cartelisation.

Besides penalties, the CCI also passed a cease-and-decease order (direction to stop illegal activities) against the beer brewers.

"Giving benefit of reduction in penalty under the provisions of Section 46 of the Act of 100 per cent to AB InBev (formerly SABMiller India) and its individuals, 40 per cent to UBL and its individuals and 20 per cent to CIPL and its individuals, the CCI directed UBL and CIPL to pay penalties of approx. Rs 750 crore and Rs 120 crore respectively, besides passing a cease-and-desist order," an official statement from Ministry of Corporate Affairs.

Based on evidences of regular communications between the parties collected by the Director General (DG) during search and seizure, and on the basis of the disclosures made in the lesser penalty applications, the CCI found that the three companies engaged in price co-ordination in contravention of the provisions of Section 3(3)(a) of the Competition Act, 2002 in various states.

CCI also found co-ordination amongst UBL and AB InBev with respect to purchase of second-hand bottles.

Further, four individuals each of UBL and AB InBev, six of CIPL and the Director General of All India Brewers’ Association (AIBA) were held by CCI to be liable for the anti-competitive conduct of their respective companies and association.

The beer makers used the platform of AIBA for indulging in cartelisation in the sale and supply of beer in various states and Union Territories (UTs), the CCI found.

The period of cartel was held to be from 2009 to at least October 10, 2018 with CIPL joining in from 2012 and AIBA serving as a platform for facilitating such cartelisation since 2013. All three beer companies were lesser penalty applicants before CCI.


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NATIONAL NEWS
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