Pharma company Alkaloids of Australia fined $2m for decade-old cartel behaviour
The Federal Court has handed a $2 million fine to Queensland pharmaceutical company Alkaloids of Australia as well as a lengthy prison sentence for a former employee, following convictions on criminal cartel charges that stem from events almost a decade ago.
Alkaloids of Australia, which produces a native plant extract used to relieve stomach pain and bowel cramps, and its former export manager were found guilty of criminal cartel conduct following an investigation by the competition watchdog, the ACCC.
The charges stem from five years of cartel conduct from July 2009, a critical time for the prosecution as it was around then that criminal cartel laws came into force in Australia.
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