JAKARTA Oct 13 Indonesia's anti-monopoly
watchdog said on Thursday that 12 poultry companies including PT
Charoen Pokphand Indonesia Tbk, PT Japfa Comfeed
Indonesia Tbk and PT Malindo Feedmill Tbk
were guilty of cartel practices.
The Commission for the Supervision of Business Competition
(KPPU) fined the companies, which included chicken breeders and
poultry feed producers, a total of nearly 120 billion rupiah
($9.2 million) for allegedly agreeing to cut production or
supply to raise prices.
Of the 12 companies, Charoen and Japfa were handed the
biggest fines of 25 billion rupiah each.
Harjon Sinaga, a lawyer representing Charoen, said the
company was not involved in the cartel practice.
A Japfa spokesman said the relevant executives were not
available to comment. Malindo did not immediately provide a
($1 = 12,983.00 rupiah)
(Reporting by Bernadette Christina Munthe; Additional reporting
by Fransiska Nangoy; Writing by Eveline Danubrata)