In order to encourage price-fixing firms to confess their crimes, the Antitrust Division of the Department of Justice has developed a program to grant amnesty from criminal prosecution to the first firm to expose a cartel and provide prosecutors with evidence against the other cartel members.
The OFT also made headlines by fining British Airways 121.5m [pounds sterling] in August 2007 after the airline admitted collusion in fixing the prices of fuel surcharges, while sending a "no-action letter"--in essence, an amnesty in exchange for information to encourage firms to inform on fellow operators--to Virgin Atlantic, which had participated in the price-fixing arrangement on six occasions before blowing the whistle.
The Malir Development Authority (MDA) governing body, which met here on Friday presided over by Local Government Minister and MDA chairman Saeed Ghani, constituted a price-fixing committee headed by the MDA director general.
The Competition Commission of India conducted search and seizure operations at the offices of India's United Breweries, Denmark's Carlsberg (CABGY) and the world's largest brewer Anheuser-Busch InBev (BUD) as part of an investigation of price-fixing allegations, Reuters reports, citing three sources with direct knowledge of the matter.
Although price-fixing agreements remain per se illegal in the United States, courts have undermined the per se rule against price fixing by making it harder for plaintiffs to prove that such an agreement exists.