Great. Just great. I live among a
"criminal price-fixing cartel."
3 fuel companies were found guilty this week of price-fixing in 2 cities in eastern Ontario. The investigation ran from May-November
2007 (!) (in case there was any need for evidence that the wheels of justice turn slowly).
Quote:
The companies were fined a total of $2-million, with Pioneer facing a $985,000 fine and Mr. Gas, which pleaded guilty to price-fixing only in Brockville, will pay a $150,000 fine. [Canadian Tire: $900,000 fine.] They will also be subject to a court order for 10 years and must educate their employees about the Competition Act, the bureau said.
|
How did they do it?
Quote:
a bureau investigation revealed evidence that “gas retailers or their representatives in these local markets phoned each other and agreed on the price they would charge customers for gasoline”
|
Source:
http://www.theglobeandmail.com/globe...rticle2375854/
Think this will make them clean up their act?
Think it happens where you live?