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Second construction company fined in New Zealand's first criminal-cartel case

( October 23, 2025, 06:54 GMT | Official Statement) -- MLex Summary: A second company was fined NZ$$595,000 ($341,437) in New Zealand’s first criminal-cartel case for engaging in bid rigging of public road contracts, the country’s antitrust regulator said. In a statement on Thursday, the New Zealand Commerce Commission said that following the sentencing of Munesh Kumar and his construction company MaxBuild in December 2024, the Auckland High Court determined a fine of NZ$595,000 for the second company involved in the conduct. The company has been granted interim name suppression. The regulator added that due to the company’s inability to pay the amount, Judge Sally Fitzgerald ordered a fine of NZ$30,000, “which was all it could pay.”The full statement follows:...

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