Spain fines 15 companies $133 million over rail contracts cartel

Source:  Business Insurance

March 28, 2019 Spain’s competition regulator has fined 15 companies including Germany-based conglomerate Siemens A.G. and France-based Alstom S.A. €118 million ($133 million) for rigging public rail contracts, Market Watch reported. The regulator said that the companies operated three separate cartels to manipulate Spanish rail infrastructure company ADIF-Alta Velocidad’s contracting process over a period of 14 years.