Phrases with «criminal cartel»

A "criminal cartel" refers to a group of individuals or companies that work together secretly to commit illegal activities, usually related to business practices, such as price-fixing, bid-rigging, or market manipulation. They scheme to eliminate fair competition, harm consumers, and generate unlawful profits. Full definition

Sentences with «criminal cartel»

  • The competition watchdog is set to launch its first criminal cartel cases against a series of high - profile Australian companies seeking multimillion - dollar fines and up to 10 years» jail for senior executives, Australian Competition and Consumer Commission chairman Rod Sims has warned. (afr.com)
  • Most recently, we have represented Nestlé Canada Inc. in its successful defence of alleged violation of criminal cartel provisions. (blakes.com)
  • An individual found guilty of criminal cartel conduct faces up to 10 years jail and the company faces fines of up to 10 per cent of the turnover or three times the profit gained. (afr.com)
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