A PYMNTS Company

Brazil: CADE to investigate possible cartel in passenger freight business

By  |  November 29, 2012
Brazil: CADE to investigate possible cartel in passenger freight business

In a press release given to CPI, antitrust authority CADE has announced it has initiated an investigation into the market of the transportation of passengers under freight regime Campinas for a possible cartel. The market usually functions by private companies or public institutions booking the service of transportation for their employees, according to CADE. The antitrust body initiated the probe after the Special Action Group for fighting against Organized Crime issued documents that suggest evidence of the potential cartel; some companies and executives have allegedly fixed prices with the freight companies and took part in rigging bids for the service.

    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.

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