January 5, 2021
The US subsidiary of Colombian infrastructure group Grupo Argos has agreed to pay $20 million to settle charges of fixing prices and rigging bids for ready-mix concrete in the US state of Georgia, the US Department of Justice said on Monday.
Argos was charged with violating the Sherman Act, which carries a maximum fins of $100 million, by "submitting bids to customers at collusive and noncompetitive prices," among other allegations, the government agency said in a press release.
The illegal prac
Colombian infrastructure group agrees to pay $20 mln to settle charges of fixing prices and rigging bids for concrete sales