A PYMNTS Company

Israel: Fine settles probe over Tnuva monopoly document dispute

By  |  December 13, 2012

Israel’s Antitrust Authority has fined Tnuva Food Industries Ltc. $.79 million after a two-year investigation into whether Tunva Food hid documents pertaining to allegations that Tnuva held a monopoly in the market. There will be no criminal enforcement for the company. The issue began in March of 2011 when Tnuva was ordered to hand over documents; a second request was made in July, and the formal investigation began in September when the Antitrust Authority believed that the company did not hand over all relevant documents.

Full Content: Globes

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