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UK: Fender fined for concealing documents in antitrust investigation

By  |  March 26, 2019

Guitar supplier Fender Europe has been fined £25,000 by the CMA for hiding relevant documents during an inspection of its UK headquarters.
The Competition and Markets Authority (CMA) issued the fine against Fender Europe after discovering a senior officer had concealed notebooks during an inspection at its offices in East Grinstead, West Sussex, as part of a competition law investigation.

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    When deciding on the level of the fine, the CMA took into account that Fender Europe had come forward and handed over the notebooks, just over three weeks after the inspection had taken place.

    Ann Pope, the CMA’s Senior Director of Antitrust, said “This fine sends a very clear signal to companies that they need to comply fully with their legal obligations when the CMA conducts investigations. Hiding documents is a serious matter and the decision to issue Fender Europe with a fine reflects this.”

    Full Content: Gov UK

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