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Dawn raid for alleged Philippine onion cartel was 'historic' moment, antitrust chairman says

By Jet Damazo-Santos ( August 28, 2024, 07:29 GMT | Insight) -- The Philippines’ first-ever antitrust dawn raid was a “historic” moment, according to the competition chairman Michael Aguinaldo, who applauded the judiciary’s process of approving the search and inspection order that led to investigators finding crucial evidence against an alleged onion cartel. The potentially landmark case represents not only the first major cartel the Philippine Competition Commission is going after, but also potentially the highest fine it will impose to date.The Philippines’ first-ever antitrust dawn raid was a “historic” moment, according to the country’s competition chairman, who applauded the judiciary’s process of approving the search and inspection order that led to investigators finding crucial evidence against an alleged onion cartel. ...

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