Incentive: Cartels get State amnestyThe Competition Authority of Kenya (CAK) Director-General Wang’ombe Kariuki. [File, Standard]The Competition Authority of Kenya (CAK) has announced an amnesty for firms involved in restrictive trade practices.The move is an incentive for businesses to mend their ways while exposing cartels that have infiltrated several sectors of the economy. Such firms and business executives will benefit from amnesty from prosecution in exchange for information on existing cartels. “The authority has in the past detected cartel-like behaviour in the retail, cement, insurance, advertising and agriculture sectors,” explained CA Director-General Wang’ombe Kariuki (pictured) in an interview. The leniency applicant must also provide sufficient information to allow the authority to launch an investigation at the premises of the businesses allegedly involved in the cartel.

Source: Standard Digital March 25, 2019 21:29 UTC