Citibank to pay R69 million penalty for collusion

Citibank to pay R69 million penalty for collusion

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The Competion Commission has on Monday announced that Citibank will pay an administrative penalty of over R69 million after being implicated for collusion and price fixing alongside other banks. “Citibank N.A. will pay an administrative penalty of R69 500 860. This figure does not exceed 10% of Citibank N.A.’s annual turnover in the Republic of
Source: The New Age

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