CMA Bans 3 More Directors In Construction Cartel

Law360, London (July 31, 2019, 7:33 PM BST) -- The U.K.'s antitrust agency barred three directors from running companies on Wednesday in its latest round of punishments for a price-fixing scheme run by construction services firms.

The three executives at office design specialist Fourfront Group agreed to the bans after the Competition and Markets Authority found they were involved in a scheme to keep prices high by submitting inflated bids for contracts they knew they wouldn't win. The CMA fined the construction companies £7 million ($8.5 million) earlier this year.

Clive Lucking, the former chief executive of Fourfront, will be banned from running companies for almost five years. Fourfront's chair,...

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