Road-building cartel faces EUR 4.4 million fine

The Competition Council (KP) has identified a road construction cartel for which more than EUR 4.4 million was imposed in fines, KP said in a release on June 13.

The Competition Council, on the basis of the information provided by the Corruption Prevention and Combating Bureau (KNAB) and the additional evidence obtained during the investigation, identified a violation of the law in the activities of road construction companies.

Section 11, Paragraph one of the Competition Law prohibits such agreements, the purpose or effect of which is to obstruct, restrict, or deform competition in the territory of Latvia. 

Total fines of more than €4.4 million were imposed.

The number of companies involved in the cartel case is not disclosed by the authority for the time being, promising to provide more information on Wednesday, June 14.


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