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Textile maker Sintofil's cartel fine cut 70 percent for cooperating with Ecuador watchdogs

( November 30, 2014, 23:51 GMT | Official Statement) -- MLex Summary: Textile company Sintofil has had its fine for price collusion reduced by 70 percent in exchange for voluntarily stopping sales to one, unnamed, company, according to the head of Ecuador's competition regulator. Sintofil and other companies colluded to fix textile prices for the government's Hilando el Desarrollo school uniform manufacturing program, another competition official said....

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