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Chile: Harsher penalties after toilet paper collusion scandal coming

By  |  November 2, 2015
Chile: Harsher penalties after toilet paper collusion scandal coming

Chilean government officials held an emergency meeting on Monday to discuss a crackdown on anti-competitive practices after regulators identified collusion in the market for toilet paper, tissues and other paper products.

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    Chile’s competition regulator said last week that Chilean forestry company CMPC had colluded with PISA, purchased by Swedish-owned SCA in 2012, for at least a decade to control nearly 90 percent of the nation’s toilet paper and tissue sales and kept prices higher.

    SCA was slapped with a $15.5 million fine, while CMPC escaped punishment because it admitted wrongdoing in March.

    But on Monday the government demanded the companies agree on a compensation plan for consumers, while ministers met to draft reforms that would include jail time and higher fines for collusion.

    Full content: Reuters

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