On November 20, 2007 the Hungarian Competition Authority carried out surprise inspections at the premises of railway, roads and bridge construction companies including Hochtief Construction, Strabag, Swietelsky and several local contractors. The companies are accused of bidrigging on public works contracts for the renovation and reconstruction of parts of Hungary’s railway network between 2006 and 2007. The parties are also alleged to have agreed on financial compensation for members of the cartel. The Authority believes that such practices resulted in the offer of comparatively higher prices for public works.
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Hungarian Competition Authority raids construction companies
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