Kimberly-Clark Colombia receives $10M fine in 2nd price-fixing scandal this year

Source: Colombia Reports

Kimberly-Clark Colombia receives $10M fine in 2nd price-fixing scandal this year

written by Adriaan Alsema August 22, 2016



Colombia’s Superintendency for Industry and Trade fined multinational Kimberly-Clark and two Colombian companies for a total of $20 million for illegal price-fixing.

The Superintendent imposed the fine after authorities had established the companies had agreed to illegal price-fixing of school materials.

The “Notebook Cartel” scandal is the second to hit the American company in Colombia this year and also implicates Colombian companies Carvajal and Scribe.

. . .

Earlier this year, the multinational was found guilty of illegal price fixing in the so-called “Toilet Paper Cartel” scandal. In this scheme, companies sought to inflate their profit margin illegally at the expense of the Colombian consumer.

Read more: http://colombiareports.com/kimberly-clark-colombia-receives-10m-fine-2nd-price-fixing-scandal-year/