India’s antitrust body on Thursday raided the local unit of French firm Mersen and an Indian company over allegations they colluded on prices of equipment supplied to Indian Railways, two sources told Reuters.
The Competition Commission of India (CCI) conducted raids at Mersen’s two offices in Bengaluru in southern India and at the offices of India’s Assam Carbon Products in Hyderabad and Kolkata, one of the sources said.
The raids mark only the fifth such search operation in CCI’s 10-year history. They can only be conducted with approval from a judge.
The raids followed a review of a complaint by the federal railways department which alleged the two companies had colluded over pricing of carbon brushes before submitting their bids. Such brushes are used in electric motors.
Full Content: Reuters
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