Antitrust Authority opens Tnuva probe

Chairwoman Zehavit Cohen and CEO Arik Schor were questioned Sunday on suspicion of concealing information.

The Antitrust Authority has opened an investigation against Tnuva Food Industries Ltd.. Chairwoman Zehavit Cohen and CEO Arik Shor were questioned Sunday on suspicion of not providing full information recquested. Not providing information or concealing information requested by the Antitrust Authority are criminal acts.

Antitrust Authority investigators raided Tnuva's offices this morning.

As part of the Antitrust Authority's investigation into the dairy market, it asked Tnuva and other dairy companies for information. Tnuva provided information, but the Antitrust Authority concluded that Tnuva was concealing information and that it had not provided everything demanded. Antitrust Authority investigators confiscated documents and apparently intend to question senior Tnuva executives under caution.

Published by Globes [online], Israel business news - www.globes-online.com - on September 25, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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