AUSTRALIA: ACCC starts legal proceedings against George Weston Foods
The Australian Competition and Consumer Commission (ACCC) has said that it has started legal proceedings in the Federal Court against George Weston Foods for allegedly attempting to fix flour prices in 1999. The ACCC has alleged that the company and a former director, Paul Loneragan, attempted to induce a competitor to increase the wholesale price of wheaten flour, in contravention of Australia's Trade Practices Act.
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