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Germany: Fine upheld for utility co tampering with evidence

By  |  November 27, 2012

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.

Full Content: Courthouse News Service

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