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ARTICLE · 08 JUNE 2015

Criminal

Fieldfisher
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The criminal trial of three executives accused of fixing prices for water storage tanks has been taking place this week in London.

United KingdomAntitrust/Competition Law
John Cassels
John Cassels

The criminal trial of three executives accused of fixing prices for water storage tanks has been taking place this week in London.  The three executives, each one from a different company alleged to have participated in the cartel, face charges of: "dishonestly agreeing with others to divide customers, fix prices and rig bids between 2004 and 2012 in respect of the supply in the UK of galvanized steel tanks for water storage."

One of the executives, Peter Nigel Snee, who was a director of Franklin Hodge Industries at the time of the alleged cartel, has pleaded guilty.  The two other executives, Clive Dean, who was a director of Kondea Water Supplies and Nicholas Stringer, who was a director of Galglass, have pleaded not guilty.

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