Cartel Crackdown

The Competition and Markets Authority (CMA) have offered rewards of up to £100,000 and anonymity for people who ‘blow the whistle’ on illegal cartels.

Companies involved in price fixing, bid-rigging and other anti-competitive practices artificially keep prices high, drive out competition and distort markets.

Such illegal activities are often exposed by disgruntled employees who are protected from dismissal and unfair treatment.

Cartels can be fined up to 10% of their annual turnover, directors face up to 10 years disqualification and individuals face up to 5 years in prison if caught.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.
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