The European Commission has confirmed that it has sent a Statement of Objections to the members of an alleged cartel in the market for flat glass. Statements of Objections in cartel cases constitute a formal initiation of proceedings against companies accused of collusion and in most cases they lead to high fines. In the present case flat glass manufacturers are being accused of fixing prices. The information on which the Commission has based its accusations was collected during “dawn raids” conducted in February and March 2005, as well as information supplied by the alleged participants in the cartel within the framework of leniency applications.
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