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Sao Paulo Legislative Assembly: Committees to hear CADE, presidents of rail companies on alleged subway cartel

( August 15, 2013, 08:11 GMT | Official Statement) -- MLex Summary: Sao Paulo’s legislative assembly will hold a hearing to question the president of the national competition authority and the presidents of Metrô and Companhia Paulista de Trens Metropolitanos about an alleged cartel to rig bids for the construction of the subway network in Sao Paulo. Brazil’s antitrust authority is investigating the cartel after Siemens denounced it to the authorities.Read the full statement in Portuguese below:...

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