A CARTEL MEMBER SHALL PAY MORE THAN HALF-A-MILLION FINE
A large cartel is exposed on the market of housing-and-utilities services in the Moscow region. The case materials are transferred to the law enforcement bodies.
Moscow Regional OFAS fined “Region-Invest” Ltd. The company shall pay over 500,000 RUB for the cartel on the housing-and-utilities market.
“Region-Invest” Ltd. and “Stroi Group” Ltd. entered into an oral cartel agreement at 13 auctions in 2017 - 2018. The auctions concerned capital repair of buildings and constructions in the Moscow region. The total cartel sum reached 495 million RUB.
The cartel resulted in maintaining prices at electronic auctions organized by the Housing-and-Utility Department of Noginsk Municipal Authority and Balashikha Town Authority.
Moscow Regional OFAS found that “Region-Invest” violated the Federal Law “On Protection of Competition”. The materials are transferred to the law enforcement bodies to hold the company administratively liable.