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Indian antitrust watchdog in cartel probe into 10 condom makers

( February 12, 2018, 04:59 GMT | Insight) -- The Competition Commission of India is investigating cartel allegations against 10 condom makers, claiming that the entities colluded to set higher prices in a government tender for 504 million latex condoms, Live Mint reports.The Competition Commission of India is investigating cartel allegations against 10 condom makers, claiming that the entities colluded to set higher prices in a government tender for 504 million latex condoms, Live Mint reports, citing unnamed sources. The director general of the CCI is conducting the probe into TTK Protective Devices, Anondita Healthcare, Suretex Prophylactics, Mercator Healthcare, Cupid Limited, Indus Medicare, Hevea Fine Products, JK Ansell, Convex Latex, and Universal Prophylactics. The matter was flagged by CCI members in November 2014 who noted that the parties were charging 1.80 rupees per unit, over 150 percent more than the real manufacturing cost of 75 paisa per unit....

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