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BRIEF-S.Africa's Competition Tribunal confirms Citibank's 69.5 mln rand settlement
April 26, 2017 / 11:55 AM / 5 months ago

BRIEF-S.Africa's Competition Tribunal confirms Citibank's 69.5 mln rand settlement

April 26 (Reuters) - South Africa’s Competition Tribunal -

* Has confirmed Citibank N.A’s settlement agreement of 69.5 million rands for its role in the forex cartel

* Fine does not exceed 10 pct of Citibank’s annual turnover in South Africa

* Citibank has already begun supplying information that is helpful to the Commission’s investigation​ (Bengaluru Newsroom)

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