Ten big Latvian construction companies suspected of agreeing pricesChristian Fernsby ▼ | September 4, 2019
Latvia's anti-graft police and competition authority carried out raids in several major construction companies in a large-scale cartel and corruption investigation.
Europe Latvian builders raided in large-scale cartel and corruption probe
Topics: Latvia construction
The bribes ranged between 25,000 euros (27,400 U.S. dollars) to several hundred thousand euros and the crimes took place between early 2015 and mid-2018, according to KNAB.
The Competition Council said in a statement that it is conducting raids in 10 construction companies that are suspected of running cartels and fixing prices in public and private procurements.
Neither KNAB nor the Competition Council named the companies and state officials under investigation.
Two big construction companies ReRe Grupa and Estonian-owned Merks admitted that investigators had visited their offices on Tuesday. Some other Latvian builders declined to confirm or deny that raids were carried out at their premises, Latvian public television reported. ■