The Turkish Competition Authority (RK) has levied an administrative fine of TL 628.3 million ($23.25 million) on four electronics and white goods companies.
This penalty was imposed due to their infringement of the Competition Protection Law.
As outlined in the statement published on the Competition Authority’s official website, investigations aimed at establishing violations by these companies for setting resale prices have come to a conclusion.
Accordingly, the board, considering the evidence gathered, statements made at the written and verbal defense meeting, and the scope of the file examined, evaluated that Arçelik Pazarlama has violated the related law, thus leading to an imposition of a TL 365.3 million administrative fine .
The board also imposed TL 227.1 million fine on Samsung Electronics Istanbul Marketing and Trade Limited Company, TL 1.9 million fine on SVS Durable Consumer Goods Marketing and Trade Limited Company, and TL 33.8 million on LG Electronics Ticaret Inc.
