Over half a billion ringgit in fines imposed on companies involved in cartels, says MyCC

KUALA LUMPUR: The Malaysian Competition Commission (MyCC) has imposed financial penalties of more than RM570mil on nearly 100 companies involved in cartel activities in the country, the Dewan Negara was told on Tuesday (July 30).

The Domestic Trade and Cost of Living Ministry, in a written reply to Senator Datin Ros Suryati Alang, said the MyCC is also actively investigating 18 cartel cases involving more than 500 enterprises.