Colombia’s Argos to pay US$20mn to settle US anti-trust probe

Colombian business group Argos said that its ready-mix concrete subsidiary Argos USA agreed to pay US$20mn in relation to an investigation over an alleged price fixing cartel involving former employees in the state of Georgia. According to the US Department of Justice, aside from the penalty, Argos USA “admitted to participating in the charged conspiracy, and agreed to cooperate fully with the Antitrust Division’s ongoing criminal investigation and prosecution of others involved in this conspiracy”.

Source: Bnamericas