Roche ltée to pay $750,000 in settlement for Quebec bid rigging
Topics: ROCHE LTéE SETTLEMENT QUEBEC
The payment is part of a settlement reached by the Public Prosecution Service of Canada and filed today with the Superior Court of Québec. The settlement ends the Competition Bureau’s investigation of the company’s role in a bid-rigging scheme that targeted municipal contracts in Québec City and Lévis between 2006 and 2012, when the company was operating as Roche.
The settlement takes into account the fact that Roche previously reimbursed overpayments related to the bid-rigging through the Government of Quebec’s Voluntary Reimbursement Program. It also takes into account the company’s limited financial resources and that the individuals involved in the scheme no longer work for the firm.
As part of the settlement, the Court has also ordered the company to maintain its corporate compliance program, which is designed to prevent further anticompetitive activity by its employees. ■