Posted on 07/05/2016 2:57:20 PM PDT by Olog-hai
Volkswagen, Daimler, and Bosch are suspected of colluding on steel prices, leading to raids on their offices by the federal competition watchdog, it was reported on Tuesday. […]
Six companies were raided during the search, which was conducted by 50 antitrust agents with the support of local police and state prosecutors, the Schwäbische Zeitung reports.
(Spokesperson for the Bundeskartellamt Kay) Weidner said no charges have been filed, adding that the searches do not mean that antitrust laws were violated. …
(Excerpt) Read more at thelocal.de ...
Looks like the government needs more money. Time to shakedown businesses.
When is the raid on the Clinton Crime Foundation?
Seems like VW, Benz and Bosch would already have a pretty hefty influence on Germany’s steel market. The “collusion” charge may be some sort of elaborate government shakedown.
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