Two directors of a concrete products firm have been disqualified after admitting a breach of competition law.
The Competition and Markets Authority (CMA) has announced that it has secured legally binding disqualification undertakings from Philip Michael Stacey and Robert James Taylor Smillie, who were directors of CPM Group.
The move follows the CMA’s statement of objections issued on 13 December 2018, alleging that three suppliers of precast concrete drainage products – CPM Group (CPM), Stanton Bonna, and FP McCann – breached competition law by taking part in a secret cartel for almost seven years from 2006.
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