The Turkish Competition Authority (RK) has levied an administrative superb of TL 628.3 million ($23.25 million) on 4 electronics and white items corporations.
This penalty was imposed on account of their infringement of the Competition Protection Law.
As outlined within the assertion revealed on the Competition Authority’s official web site, investigations aimed toward establishing violations by these corporations for setting resale costs have come to a conclusion.
Accordingly, the board, contemplating the proof gathered, statements made on the written and verbal protection assembly, and the scope of the file examined, evaluated that Arçelik Pazarlama has violated the associated regulation, thereby resulting in an imposition of a TL 365.3 million administrative superb.
The board additionally imposed TL 227.1 million superb on Samsung Electronics Istanbul Marketing and Trade Limited Company, TL 1.9 million superb on SVS Durable Consumer Goods Marketing and Trade Limited Company, and TL 33.8 million on LG Electronics Ticaret Inc.
Source: www.dailysabah.com
