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Australia court fines Qteq, former executive over attempted cartel conduct

By Saloni Sinha ( March 26, 2026, 04:49 GMT | Insight) -- Australian mining-services and equipment company Qteq will pay A$5 million ($3.4 million) and its former senior executive Simon Ashton will pay A$1 million in penalties for attempting to lure rival companies into cartel and bid-rigging arrangements, a court ruled on Thursday. At the center of the civil lawsuit brought by the ACCC in 2022 was a two-phase tender for gauge works for energy company QGC to provide assistance to an oil-and-gas company in gathering data and supporting the extraction of coal-seam gas.Australian mining-services company Qteq has been ordered to pay A$5 million ($3.4 million) and its former senior executive Simon Ashton A$1 million in penalties for attempting to engage rivals in cartel and bid-rigging arrangements....

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