CCI conducts dawn raid on Mersen
CCI conducts dawn raid on Mersen

CCI has reportedly raided the local unit of French firm Mersen SA and an Indian company, Assam carbon Products, over allegations that they colluded on prices of equipment supplied to Indian Railways. This is only the fifth such raid in CCI’s 10-year history. The raids followed a review of a complaint by the Indian Railways which alleged the two companies had colluded over pricing of carbon brushes before submitting their bids. Such brushes are used in electric motors.

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