K Line has been handed a $23.5m (A$34.5m) fine by Australia’s Federal Court after being convicted of “criminal cartel conduct”, according to this report in Splash 24/7. The Japanese carrier was found guilty, together with other shipping lines, of fixing transport costs on buses, cars and trucks destined for Australia between 2009 and 2012. The penalty represents the largest criminal fine ever imposed under the country’s Competition and Consumer Act.
The post K Line hit with record $23.5m fine in latest car carrier cartel probe appeared first on The Loadstar.
Source: The Loadstar