A PYMNTS Company

Brazil: CADE puts breaks on alleged transit cartels

By  |  July 9, 2013
Brazil: CADE puts breaks on alleged transit cartels

Brazil’s antitrust regulator CADE announced dawn raids of 13 companies alleged to have conspired to rig bids for metro construction contracts. And train buyout tenders The regulator said Tuesday it launched a probe into the companies after evaluating evidence suggesting the firms formed a cartel. The regulator also announced leniency to those that cooperate with the investigation. CADE is collaborating with the nation’s police force on the case, named Operation Cross-Line.

    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: BN Americas

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