US prosecutors allege shipping veteran Teo Siong Seng told others to ‘keep low key’ in price-fixing conspiracy: Court documents
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Mr Teo is among seven shipping executives accused of taking part in the price-fixing conspiracy that went on for four years, according to recently unsealed US court documents. SINGAPORE: Executives of some of the largest shipping container manufacturers in the world allegedly tried to conceal a price-fixing conspiracy that saw some of their profits increase about a hundredfold during the COVID-19 pandemic and global supply chain crisis , according to United States court documents seen by CNA.
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