Source AP ©

European Union tracks down exotic fruit cartel

European Union discovered several exotic fruit companies suspected of running a cartel to fix prices.

It did not name the fruit producers and importers or say where they are based, but said it had reason to believe that the companies had broken EU law.

Raids are the first step in cartel investigations, which may see companies charged with antitrust abuse and eventually fined up to 10 percent of global turnover.

In July, banana importers Fyffes PLC, Dole Food Co. Inc. and Fresh Del Monte Produce Inc. said they had received an EU charge sheet accusing them of running an illegal cartel to fix prices and control the supply of the fruit to northern Europe.

Chiquita triggered the investigation by coming forward with information that saw it win conditional immunity from fines. It said it had discovered two years ago that some employees had shared pricing and volume information for Europe, where it has half of its global banana sales.

Fyffes said it was not raided. Chiquita and Fresh Del Monte did not immediately return calls.

The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?

Argentina hides the truth about the death of San Juan submarine
Comments
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Unemployment in Russia hits record high of 15 percent
Third Rome and geopolitics of Orthodox schism
Putin wants Russian army rearmed almost completely by 2021
Japan ratifies agreement to supply weapons and ammo to warring states
Argentina hides the truth about the death of San Juan submarine
Argentina hides the truth about the death of San Juan submarine
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Why Trump tries to re-industrialize America
Why Trump tries to re-industrialize America
Unemployment in Russia hits record high of 15 percent
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Russia to ban capture of killer whales and belugas in 2019
North Korea destroys security points in demilitarised zone
Russia to ban capture of killer whales and belugas in 2019
Third Rome and geopolitics of Orthodox schism
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
The Amazon and the New Conquistadores
Brexit: The UK's misunderstanding of Democracy
The Amazon and the New Conquistadores
The Amazon and the New Conquistadores