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Indonesian cattle breeders lose final appeal against 2016 cartel ruling

( July 16, 2020, 01:53 GMT | Official Statement) -- MLex Summary: Twelve Indonesian beef importers have had their request for a judicial review of a 2016 cartel ruling by Indonesia's Business Competition Supervisory Commission, or KPPU, rejected by the country’s Supreme Court. This renders the KPPU decision, which found 32 cattle-importer and feedlot companies guilty of conspiring to control the supply and price of beef in Greater Jakarta and fined them a total of 107 billion rupiah ($7.4 million), final and binding. Among the 32 companies involved, 30 had appealed the decision to the district court, which also upheld the KPPU decision in 2017. The full court decision is attached. ...

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