CCI VS JCB In a first, the Competition Commission of India (CCI) has raided offices of UK-based construction equipment maker JCB in connection with a case of abuse of dominant position to keep away competitors from the market. The regulator had ordered a detailed probe into the matter after finding prima-facie evidence that JCB India and its subsidiary JC Bamford Excavators had abused their dominant position in market for construction equipment. “JCB wasn’t cooperating with the probe. We had no option but to raid premises in NCR. The documents and the data obtained would be checked thoroughly to take the investigation to a conclusion,” a CCI official said. Under the current Act, the Director General (DG) can conduct such raids after obtaining a warrant from the chief metropolitan magistrate. Its the first instance where CCI has raided the compound of the company . In response to an email query from ET, JCB India said it would fully cooperate with the CCI. “JCB India takes compliance with competition rules very seriously and will co-op erate fully with CCI in connection with its in vestigation. The compa ny is fully confident that the Commission will re ject the baseless allega tions upon completion of its investigation,“ a statement from JCB India said. The investigation was initiated after a complaint by the Coimbatore-based Bull Machines, also a construction equipment maker, had alleged that JCB India had abused the judicial system to restrain it and its dealers from dealing in backhoe loaders, a machine used in construction activities.
Posted on: Sat, 27 Sep 2014 02:10:46 +0000
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