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Brazil's CADE Tribunal fines company for false information in ongoing probe

By Henrique Santiago ( April 23, 2025, 19:35 GMT | Insight) -- Lead councilor Camila Cabral Pires Alves reduced the initial penalty of 50,000 reais proposed by the CADE’s Superintendence for Super Metais, lowering it to approximately 14,000 reais ($2,400), as she said that the company’s misbehavior didn’t have significant impacts on competition. The authority opened an investigation into Super Metais as part of the division of a sham litigation probe into the the Brazilian Association of Manufacturers of Materials for Sanitation, or Asfamas, following a formal complaint by Super Metais.The Brazilian competition watchdog’s Tribunal unanimously decided today to fine Super Metais for providing false responses in an ongoing investigation. However, the total fine amount was significantly reduced to less than one third of its originally proposed value....

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