The European Commission has sent a Statement of Objections to the participants of an alleged cartel for professional videotape. Statements of Objections constitute the formal initial step in European antitrust investigations against companies accused of collusion and can lead to fines of up to ten per cent of a company’s worldwide turnover. In the present case the companies are being accused of fixing prices. The Commission’s conclusions are based on the results of inspections carried out in 2002 and on information supplied by the alleged members of the cartel in the framework of the Commission’s leniency policy notice.