Two CEOs detained for attempt to bribe Lithuanian Competition Council employee

If bid rigging in a public procurement charges were presented and confirmed, serious sanctions could be applied to the companies involved: imposing a fine of up to 10 percent of the annual turnover and cancelling allocations of the EU financial support (up to 174,000 euro in this case).

“As the Chairman of Competition Council, I am extremely proud to work with both professional and honest colleagues. Taking this opportunity I would also like to remind all undertakings that leniency is a far much safer way to escape negative consequences of a competition probe,” says Šarūnas Keserauskas, Chairman of the Lithuanian Competition Council.

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