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Unilever has been handed a fine worth 200,000 by Chinese authorities for announcing imminent price rises. The fmcg giant was accused of seriously distorting market order after it warned customers that the price of washing powder was set to rise.
Two giants of fmcg manufacturing have been fined hundreds of millions of euros for anti-competitive activities across a host of European countries. Unilever and Procter & Gamble were fined a combined €315.2m (£280.85m) for their part in a three-year cartel that fixed the price of washing powder in eight European Union nations.
Private investigators hired by Unilever foiled a plot by a conman who imported cheap washing powder from China to pass-off as Persil, a court heard this week.
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