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Indian antitrust watchdog raids Glencore business, others over pulse prices: Sources

CCI’s raids on commodities traders mark only its fourth such search operation in its near 10-year history. NEW DELHI: India’s antitrust watchdog raided units of global commodities trader Glencore and two other firms in Mumbai on Saturday in an inquiry into alleged collusion on the price of pulses, four sources with knowledge of the raids told Reuters. More than 25 antitrust officials carried out the raids at the offices of local units of Glencore and Africa’s Export Trading Group, and India’s Edelweiss group which previously had a commodities business, two government sources told Reuters. The Competition Commission of India […]

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