A PYMNTS Company

Germany: Fine upheld for utility co tampering with evidence

By  |  November 27, 2012
Germany: Fine upheld for utility co tampering with evidence

Violations made by German utility company E.ON Energie during a 2006 antitrust investigation that lead to a $47.5 million fine issued by the European Commission have been upheld by the European General Court. According to reports, European Commission investigators had sealed some documents seized for the probe and placed them in a locked room for review on a later date. Inspectors the next morning apparently found that the seals were broken. According to E.U. law, the Commission is allowed to impose a fine of up to one percent of a company’s annual turnover for tapering with evidence of an investigation; for E.ON, this means about $88 million.

    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: Courthouse News Service

    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

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