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More Big Fines for Competition Law Breaches
The Office of Fair Trading (OFT) has announced that it has levied fines totalling more than £39 million on recruitment agencies operating in the construction sector for breaches of the Competition Act 1998.
The agencies involved agreed to boycott another company (Parc UK), which had entered the market and threatened their business model, and colluded to fix target fee rates for supplying candidates to the construction industry.
A whistleblower informed the OFT in exchange for leniency over its own breaches.
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Brian McLelland |
The OFT is not afraid of using its considerable powers where breaches of competition law are concerned. Businesses of all sizes should take care not to engage in anti-competitive behaviour of any kind: much of this behaviour is criminal in the eyes of the law.
