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Indonesia Probes Alleged Price Fixing

Authorities in Indonesia say they have investigated two dozen companies on suspicion of collaborating to hoard rice, beef and other staples to manipulate prices. The Business Competition Supervisory Commission (KPPU) on Monday said the firms could face fines or criminal prosecution. "In mid-September we’ll begin the trial. For certain they are all big companies. Only big companies could control a cartel," said KPPU Chairman Muhammad Syarkawi Rauf. He added that sanctions...

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