Saifullah Sani
SENIOR MEMBER
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The Competition Commission of Pakistan slapped a record 3.14 Billion Rupees of penalty on Engro for artificially inflating the price of fertilizer, which affected the millions of poor farmers of Pakistan and in-directly creating food inflation for the nation.
Asad Umar was CEO of Engro Corporation for 7 years until 2012 and CCP found that Engro created cartel (Muk Muka) with Fauji Fertilizers in 2010-11 and increased the price up to 86% without any solid reason. Pakistan Armys Fauji Fertilizer was also slapped with Rs. 5.5 Billion fine for price fixing.
Collusive activities: CCP nails Fauji Fertilizer, Engro Fertilizers with Rs8.6b fine The Express Tribune
http://pkpolitics.com/blogs.dir/1/files/2013/04/urea_manufacturers_order.pdf
Asad Umar - Wikipedia, the free encyclopedia
Asad Umar of PTI Robbed the Farmers | PKPolitics - Pakistan Politics
Asad Umar was CEO of Engro Corporation for 7 years until 2012 and CCP found that Engro created cartel (Muk Muka) with Fauji Fertilizers in 2010-11 and increased the price up to 86% without any solid reason. Pakistan Armys Fauji Fertilizer was also slapped with Rs. 5.5 Billion fine for price fixing.
Collusive activities: CCP nails Fauji Fertilizer, Engro Fertilizers with Rs8.6b fine The Express Tribune
http://pkpolitics.com/blogs.dir/1/files/2013/04/urea_manufacturers_order.pdf
Asad Umar - Wikipedia, the free encyclopedia
Asad Umar of PTI Robbed the Farmers | PKPolitics - Pakistan Politics