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Jakarta court reduces cartel fines on six tire manufacturers by 80 percent

( July 10, 2015, 14:45 GMT | Insight) -- A Jakarta court upheld the decision of Indonesia’s Business Competition Supervisory Commission, or KPPU, finding six tire manufacturers guilty of cartel practices, but reduced their fines from 25 billion rupiah ($1.9 million) each to 5 billion rupiah...A Jakarta court upheld the decision of Indonesia’s Business Competition Supervisory Commission, or KPPU, finding six tire manufacturers guilty of cartel practices, but reduced their fines from 25 billion rupiah ($1.9 million) each to 5 billion rupiah, local news portal Bisnis.com reported. The judges reasoned that the initial fines imposed on the companies, including PT Goodyear Indonesia Tbk and PT Bridgestone Tire Indonesia, could put their financial health at risk and potentially affect their workers. Manaek, a legal representative from KPPU, said the agency would study whether or not to appeal....

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