The Australian Competition and Consumer Commission announced Monday it has launched formal civil proceedings against ball bearing manufacturer Koyo Australia Pty Ltd. The company is accused of partaking in a cartel regarding ball bearing supplies used in automobiles and industrial applications between 2008 and 2009, say reports. Two of Koyo’s rivals are also accused of forming the cartel. In a statement, ACCC Commissioner Sarah Court said the proceedings “sends a strong message” regarding the regulator’s anti-cartel efforts.
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