COFECE denounces to the FGR people who have manipulated prices in the sale of products to cover buildings

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Summary:

The Mexican Authority Investigator (AI) of the Federal Commission for Economic Competition (Cofece) has filed a complaint with the Attorney General's Office (FGR) against individuals who allegedly colluded to illegally manipulate the sales price of products used in the construction sector. The AI has the authority to file complaints against individuals suspected of engaging in anti-competitive practices, which can result in fines and imprisonment. The case is now under investigation by the FGR, and the Cofece has also launched an administrative procedure to determine responsibility and impose sanctions. The investigation is significant, as it aims to address anticompetitive practices that can lead to price increases and affect the living conditions of Mexican citizens, particularly vulnerable groups.

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