Argos pays penalty in US

Argos pays penalty in US

Regulation Project & Infrastructure Finance Colombia United States Andean

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

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