The chips are down as Germany launches a probe into suspected potato price fixing over the past decade which may have cost consumers and farmers hundreds of millions of euros, according to local media. The culprits face a roasting after the national competition regulator has investigated allegations that at least nine production and distribution plants illegally agreed on prices for deliveries to grocery chains as well as those paid to farmers. The Suddeutsche Zeitung said profits peeled off by those involved in the alleged cartel -- dubbed the "Kartoffel Kartel" by the press -- could amount to hundreds of millions of euros (dollars). Bild newspaper said investigators had raided the premises of the nine companies and that another five risked fines for links with the cartel, suggesting the illicit gains could run up to one billion euros. But the manager of one of the businesses targeted denied there was a cartel, stating crisply: "We have absolutely no guilty conscience."
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor