Nestle Panama Accused of
Alleged Collusion In
Dairy Market
Panama's Consumer
Protection Authority has
said that the Nestle
subsidiary in that
country has been accused
of alleged collusion in
the dairy market,
reported Reuters.
According to the
authority, three more
companies are facing
similar allegations.
The authority suspects
that the companies were
involved in monopolistic
practices, consistent
with the exchange of
information and fixing
and imposing prices for
the purchase of
wholesale milk from
producers.
The results of a
month's-long
investigation into all
the companies accused of
involvement have been
submitted to a Panama
City court for ruling,
the authority said.
In case the allegations
are found to be true,
the companies would have
to pay a fine of $1
million each. In its
response, Nestle Panama
said that it will give a
statement in this regard
only after studying in
detail the accusations
made by the authority.
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