Featured news from Economy
The company accepted the anti-competitive conduct of a small number of former employees of a local sales office in Pooler, Georgia.
Argos USA LLC, an indirect subsidiary of the company, accepted the anti-competitive conduct of a small number of former employees of a small local sales office in Pooler, Georgia, USA.
That being the case, the company signed an agreement with the Antitrust Division of the U.S. Department of Justice and will make a payment of $ 20 million in connection with the resolution of an investigation into anti-competitive conduct.
It is worth remembering that Argos was accused of participating in a conspiracy to set prices, match bids and allocate markets for sales of precast concrete in the Southern District of Georgia and elsewhere, the State Department of Justice announced Monday Units (DPA).
“Employees of Argos and other pre-mixed concrete companies carried out the conspiracy by raising the price to customers, allocating pre-mixed concrete, charging fuel surcharges and environmental tariffs, and bidding customers at collusive and uncompetitive prices. The alleged conspiracy began in 2010 and continued until about July 2016, “the DPA said in a statement.
Makan Delrahim, Assistant Secretary of Justice for the Department of Justice’s Antitrust Division, said: “This resolution reflects the division’s dedication to holding those who mislead American consumers accountable for critical commercial products at competitive prices. prices, market allocation and the manipulation of tenders are not only unethical but illegal, and the division, along with its law enforcement partners, continues to focus on prosecuting those responsible for such conduct. “.
According to a company statement issued to the Financial Superintendency, the Argos USA administration, outside Pooler’s office, “did not participate in or tolerate the conduct, which was conducted in violation of the company ‘s compliance policies “.
The assets in Pooler “were sold years later and are no longer part of Argos USA. Argos USA has accepted responsibility for the conduct of its ex-employees and will continue to actively cooperate with the DOJ in this matter,” the company added. .