07 June 2012 17:10 [Source: ICIS news]
MOSCOW (ICIS)--The Russian Federal Anti-Monopoly Service (FAS) has fined some of ?xml:namespace>
The CEO of Caustic Sterlitamak was fined by a local court after failing to disclose information to the FAS auditors, the FAS said in a statement on Thursday.
In May 2012, the FAS announced the start of a probe into an alleged cartel formed by country's leading PVC producers and traders, including Caustic
The FAS also said the Russian Interiour Ministry had launched a criminal probe into an alleged cartel agreement to manipulate liquid caustic soda prices.
The criminal inquiry, launched in accordance with Article 178 of the Russian Criminal Code, comes as a confirmation that the restriction of competition may entail not only administrative fines but criminal penalties as well, the FAS said in a statement on June 6.
In January 2012, the FAS stated that
In late April, the FAS decided to impose $30m (€24m) anti-trust fine on the ETK.
($1 = €0.80)
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