Antitrust Antitrust

Former ABB executive fined in Brazilian electric-equipment cartel probe

By Paula Mariane
  • 23 Nov 2022 16:12
  • 23 Nov 2022 16:12
Former ABB executive Sven Hakan Magnus Knutsson has been fined a total of 212,820 Brazilian reais ($39,377) for engaging in an international electric equipment cartel with effects in Brazil.

The Administrative Council for Economic Defense, or CADE, started to investigate the case in 2012. The agency split the probe to investigate five

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