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european commission

€68M ($73M) fines to EU vehicles lead recycling cartel

Fri, 03/24/2017 - 09:49 -- Xuan Zhong
€68M ($73M) fines to EU vehicles lead recycling cartel

Three European lead recycling firms have been fined a total of €68 million ($73 million) by the European Commission for fixing the purchasing price of scrap automotive batteries.

Eco-Bat Technologies (UK), Campine (Belgium) and Recylex (France), were each fined for their part in the cartel. The fourth, Johnson Controls, escaped a fine because it blew the whistle on the malpractice.

 

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