Otc.3, 2011–Sources close to Antitrust Authority say it conducted investigation into electrical infrastructure cartel, sent out warning letters on September 27 to companies suspected of participating in cartel.The Israel Electric Corporation was the victim of an international cartel that overcharged for electricity-generating equipment and infrastructure beginning in the 1980s – causing NIS 1 billion to NIS 3 billion in damage to the IEC and Israeli consumers.
The Antitrust Authority conducted an investigation into the electrical infrastructure cartel and sent out warning letters on September 27 to companies suspected of participating in the cartel, said sources close to the authority. Siemens, Alstom, Hitachi, Toshiba, Mitsubishi and Schneider Electric were among the companies cautioned by the Antitrust Authority. The authority’s letters referred to the period from April 1988 to May 2004.(Haaretz)