A PYMNTS Company

Malaysian growers receive proposed decision on price fixing allegations

By  |  July 23, 2012

The Malaysia Competition Commission (MyCC) has issued a “proposed decision” regarding the purported price-fixing activity of the Cameron Highlands Floriculturist Association (CHFA). The “proposed decision” acts as a notice of both incriminating facts discovered and a proposed penalty, and the CHFA has an opportunity to rebut assertions before the ruling is final. The CHFA, a collective of 100 members selling to wholesalers throughout Malasia, is under fire after a news report quoted the organization’s president as stating members agreed to raise prices by 10 percent. The penalty for price-fixing will not exceed 10 percent of worldwide profit during the period of infringement.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: New Straits Times

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

     

    Related content: How to Block Cartel Formation and Price Fixing: Using Extraterritorial Application of the Antitrust Laws as a Deterrence Mechanism

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.