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International

Deloitte, KPMG, Ernst and Young, Pricewaterhouse fined for collusion

November 08, 2017 Reprints

Italy's antitrust authority has fined four of the world’s largest consulting firms a total of €23 million ($26.6 million) for allegedly conspiring to divide large public consultancy contracts, Reuters reported. The firms – U.S.-based Deloitte L.L.P., Netherlands-based KPMG International, U.S.-based Ernst and Young L.L.P. and U.K.-based PricewaterhouseCoopers International Ltd. – colluded to win contracts worth a total of €66 million ($76.6 million) by nullifying the bidding process and neutralizing competition from outside the cartel.

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Deloitte, KPMG, Ernst and Young, Pricewaterhouse fined for collusion

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