{"id":10727,"date":"2019-08-15T00:00:45","date_gmt":"2019-08-15T00:00:45","guid":{"rendered":"https:\/\/www.olartemoure.com\/?p=10727"},"modified":"2019-11-28T15:03:49","modified_gmt":"2019-11-28T15:03:49","slug":"brazil-brazilian-antitrust-authority-hits-11-companies-and-42-individuals-for-rigging-bids-for-subway-construction","status":"publish","type":"post","link":"https:\/\/olartemoure.com\/en\/brazil-brazilian-antitrust-authority-hits-11-companies-and-42-individuals-for-rigging-bids-for-subway-construction\/","title":{"rendered":"Brazil: Brazilian antitrust authority hits 11 companies and 42 individuals for rigging bids for subway construction"},"content":{"rendered":"<p>Following a six year investigation, the Administrative Council for Economic Defense (CADE)\u00a0<a href=\"https:\/\/olartemoure.us12.list-manage.com\/track\/click?u=b44799ae064f26c13005463dc&amp;id=fc8b1e69ee&amp;e=d1cf43e96b\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/olartemoure.us12.list-manage.com\/track\/click?u%3Db44799ae064f26c13005463dc%26id%3Dfc8b1e69ee%26e%3Dd1cf43e96b&amp;source=gmail&amp;ust=1565702693840000&amp;usg=AFQjCNHRKOqwSCEh0KGXxMy4R9uxXmK7Ng\">has fined different companies and individuals for a total of EUR 126 million<\/a>\u00a0for rigging bids for subway construction. The largest fines were imposed on CAF Brasil (nearly EUR 40 million) and Alstom (EUR 30 million). CADE found that Alstom led the rigging and as a result, has barred the companies from participating in public tenders for five years. Siemens, which blew the whistle, entered a leniency agreement with CADE, escaping fines.<\/p>\n<p>Fines imposed by CADE for cartel activity have steadily risen in recent years. In addition to the subway cartel, so far in 2019, fines have been imposed across a wide range of sectors, including auto parts, fuel retail, LCD and electrical components. The subway cartel decision in particular, shows that bid-rigging remains high on the priority list for CADE.<\/p>\n<p>This is a clear warning to firms with operations in Brazil showing that consequences of antitrust breaches are serious. Not only does CADE have the appetite to impose large fines, but parties found to have a key role in any cartel conduct may face additional sanctions which could affect their operations in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following a six year investigation, the Administrative Council for Economic Defense (CADE)\u00a0has fined different companies and individuals for a total of EUR 126 million\u00a0for rigging bids for subway construction. The largest fines were imposed on CAF Brasil (nearly EUR 40 million) and Alstom (EUR 30 million). CADE found that Alstom led the rigging and as [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":10729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[47,155],"tags":[],"class_list":["post-10727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","category-compliance-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Antitrust authority hits 11 companies and 42 individuals for rigging bids for subway construction<\/title>\n<meta name=\"description\" content=\"CADE has fined different companies and individuals for a total of EUR 126 million for rigging bids for subway construction.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/olartemoure.com\/en\/brazil-brazilian-antitrust-authority-hits-11-companies-and-42-individuals-for-rigging-bids-for-subway-construction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brazil: Brazilian antitrust authority hits 11 companies and 42 individuals for rigging bids for subway construction\" \/>\n<meta property=\"og:description\" content=\"Following a six year investigation, the Administrative Council for Economic Defense (CADE) has fined different companies and individuals for a total of EUR 126 million for rigging bids for subway construction. The largest fines were imposed on CAF Brasil (nearly EUR 40 million) and Alstom (EUR 30 million). CADE found that Alstom led the rigging and as a result, has barred the companies from participating in public tenders for five years. Siemens, which blew the whistle, entered a leniency agreement with CADE, escaping fines. Fines imposed by CADE for cartel activity have steadily risen in recent years. In addition to the subway cartel, so far in 2019, fines have been imposed across a wide range of sectors, including auto parts, fuel retail, LCD and electrical components. The subway cartel decision in particular, shows that bid-rigging remains high on the priority list for CADE. This is a clear warning to firms with operations in Brazil showing that consequences of antitrust breaches are serious. Not only does CADE have the appetite to impose large fines, but parties found to have a key role in any cartel conduct may face additional sanctions which could affect their operations in the country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/olartemoure.com\/en\/brazil-brazilian-antitrust-authority-hits-11-companies-and-42-individuals-for-rigging-bids-for-subway-construction\/\" \/>\n<meta property=\"og:site_name\" content=\"OlarteMoure | Intellectual Property\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-15T00:00:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-28T15:03:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/olartemoure.com\/wp-content\/uploads\/2019\/08\/190808-Imagenes-OMWD-semana-5-al-9_Noticia-4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diego Bernal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Brazil: Brazilian antitrust authority hits 11 companies and 42 individuals for rigging bids for subway construction\" \/>\n<meta name=\"twitter:description\" content=\"Following a six year investigation, the Administrative Council for Economic Defense (CADE) has fined different companies and individuals for a total of EUR 126 million for rigging bids for subway construction. The largest fines were imposed on CAF Brasil (nearly EUR 40 million) and Alstom (EUR 30 million). CADE found that Alstom led the rigging and as a result, has barred the companies from participating in public tenders for five years. Siemens, which blew the whistle, entered a leniency agreement with CADE, escaping fines. Fines imposed by CADE for cartel activity have steadily risen in recent years. In addition to the subway cartel, so far in 2019, fines have been imposed across a wide range of sectors, including auto parts, fuel retail, LCD and electrical components. The subway cartel decision in particular, shows that bid-rigging remains high on the priority list for CADE. This is a clear warning to firms with operations in Brazil showing that consequences of antitrust breaches are serious. Not only does CADE have the appetite to impose large fines, but parties found to have a key role in any cartel conduct may face additional sanctions which could affect their operations in the country.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Diego Bernal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/brazil-brazilian-antitrust-authority-hits-11-companies-and-42-individuals-for-rigging-bids-for-subway-construction\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/brazil-brazilian-antitrust-authority-hits-11-companies-and-42-individuals-for-rigging-bids-for-subway-construction\\\/\"},\"author\":{\"name\":\"Diego Bernal\",\"@id\":\"https:\\\/\\\/olartemoure.com\\\/#\\\/schema\\\/person\\\/b66ca4b152a396f32fd6e5c48395ce14\"},\"headline\":\"Brazil: Brazilian antitrust authority hits 11 companies and 42 individuals for rigging bids for subway construction\",\"datePublished\":\"2019-08-15T00:00:45+00:00\",\"dateModified\":\"2019-11-28T15:03:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/brazil-brazilian-antitrust-authority-hits-11-companies-and-42-individuals-for-rigging-bids-for-subway-construction\\\/\"},\"wordCount\":207,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/brazil-brazilian-antitrust-authority-hits-11-companies-and-42-individuals-for-rigging-bids-for-subway-construction\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/olartemoure.com\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/190808-Imagenes-OMWD-semana-5-al-9_Noticia-4.jpg\",\"articleSection\":[\"News\",\"Compliance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/brazil-brazilian-antitrust-authority-hits-11-companies-and-42-individuals-for-rigging-bids-for-subway-construction\\\/\",\"url\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/brazil-brazilian-antitrust-authority-hits-11-companies-and-42-individuals-for-rigging-bids-for-subway-construction\\\/\",\"name\":\"Antitrust authority hits 11 companies and 42 individuals for rigging bids for subway construction\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/brazil-brazilian-antitrust-authority-hits-11-companies-and-42-individuals-for-rigging-bids-for-subway-construction\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/brazil-brazilian-antitrust-authority-hits-11-companies-and-42-individuals-for-rigging-bids-for-subway-construction\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/olartemoure.com\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/190808-Imagenes-OMWD-semana-5-al-9_Noticia-4.jpg\",\"datePublished\":\"2019-08-15T00:00:45+00:00\",\"dateModified\":\"2019-11-28T15:03:49+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/#\\\/schema\\\/person\\\/b66ca4b152a396f32fd6e5c48395ce14\"},\"description\":\"CADE has fined different companies and individuals for a total of EUR 126 million for rigging bids for subway construction.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/brazil-brazilian-antitrust-authority-hits-11-companies-and-42-individuals-for-rigging-bids-for-subway-construction\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/olartemoure.com\\\/en\\\/brazil-brazilian-antitrust-authority-hits-11-companies-and-42-individuals-for-rigging-bids-for-subway-construction\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/brazil-brazilian-antitrust-authority-hits-11-companies-and-42-individuals-for-rigging-bids-for-subway-construction\\\/#primaryimage\",\"url\":\"https:\\\/\\\/olartemoure.com\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/190808-Imagenes-OMWD-semana-5-al-9_Noticia-4.jpg\",\"contentUrl\":\"https:\\\/\\\/olartemoure.com\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/190808-Imagenes-OMWD-semana-5-al-9_Noticia-4.jpg\",\"width\":800,\"height\":350,\"caption\":\"OlarteMoure - 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