Treat competition compliance seriously

RM415,495,696.49. That’s the staggering fine imposed on five companies a month ago by the Malaysia Competition Com-mission (MyCC) in the “chicken feed cartel” case where poultry feed prices were fixed, violating the prohibition outlined in Section 4 of the Competition Act 2010.

This conclusion represents the endpoint of an extensive two-year investigative process focused on a price-fixing collusion among the parties within the Malaysian market. Interes-tingly, the five parties did not formally agree to fix poultry feed prices; rather, according to MyCC’s findings, this was accomplished mainly through “concerted practice”.