New Zealand Companies Guilty in Landmark Cartel Conviction

Date:

AD

The two firms pleaded guilty to rigging bids on taxpayer-funded Auckland projects, in New Zealand’s first cartel conviction.

New Zealand Companies Guilty in Landmark Cartel Conviction

Part of the $700 million Northern corridor improvement project, showing two of the bridges under construction in February 2021. Courtesy of the NZ Transport Agency

Rex Widerstrom

|Updated:

Two construction companies will face penalties in New Zealand’s first prosecution for cartel conduct under laws introduced in 2021.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Court Blocks Subpoenas Tied to Criminal Probe of Fed Chair Jerome Powell

The court ruling comes as Powell’s term winds down.Federal...

Adobe CEO Shantanu Narayen to Step Down After 18 Years

A woman walks past a sign for Adobe during...

US Job Openings Unexpectedly Rebound From 5-Year Low in January

EconomyFewer workers quit their jobs to start 2026, a...

Trump Says Reports of Long Gas Lines in China Since Iran War Are Correct

Iran WarChinese refineries are the primary buyers of Iranian...