Reuters reported that India’s antitrust watchdog the Competition Commission of India has raided offices of steel makers including Rungta Steel and Shyam Steel for alleged price collusion of steel rebars. Competition Commission of India officials conducted searches in Bengal, Punjab, Tamil Nadu and New Delhi on 17 December. In all around eight to nine offices of steel companies were searched, though names of other firms raided are not immediately clear. The CCI’s raid operations typically see federal agents collecting documents and data for further investigation into antitrust case
Reuters reported that India’s antitrust watchdog the Competition Commission of India has raided offices of steel makers including Rungta Steel and Shyam Steel for alleged price collusion of steel rebars. Competition Commission of India officials conducted searches in Bengal, Punjab, Tamil Nadu and New Delhi on 17 December. In all around eight to nine offices of steel companies were searched, though names of other firms raided are not immediately clear. The CCI’s raid operations typically see federal agents collecting documents and data for further investigation into antitrust case
