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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Australia watchdog sues Singapore Airlines Cargo Reuters - 1 hour 51 minutes ago SYDNEY, Dec 22 - Australia's competition watchdog sued the cargo unit of Singapore Airlines <SIAL.SI> on Monday, the third carrier it has prosecuted on allegations they were involved in international price-fixing. The Australian Competition and Consumer Commission has already taken legal action against Qantas Airways <QAN.AX> and British Airways <BAY.L>, extracting fines from both airlines totalling A$25 million . "The ACCC continues to investigate other airlines, some of which are assisting voluntarily, while others are not," ACCC Chairman Graeme Samuel said in a statement announcing the new legal action against Singapore Airlines. "The ACCC expects to be able to finalise its investigations with a number of airlines shortly." The commission accused Singapore Airlines Cargo, between 2001 and 2005, of entering into arrangements with other carriers to fix the price of a fuel surcharge and a security surcharge. The watchdog is suing for unspecified penalties and costs. "SIA Cargo will defend allegations by the Australian Competition and Consumer Commission that it, and several other airlines, have engaged in cartel conduct," a spokesman said. "SIA Cargo is committed to competing successfully and fairly, within the requirements of the relevant competition law in Australia. With the matter now before the court, it would be inappropriate for SIA Cargo to comment in any more detail at this stage," the spokesman said. Regulators worldwide have been probing more than 30 airlines over the issue, which erupted in February 2006 when U.S. and European officials raided airlines as part of investigations into the imposition of fuel surcharges in international air cargo. (Reporting by Mark Bendeich in SYDNEY and Melanie Lee in SINGAPORE; editing by Ian Geoghegan) Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific Japan asked US prepare for nuclear strike on China: archivesAFP - 9 minutes ago Indian doctor hopes Australian terror probe will vindicate him: lawyerAFP - 21 minutes ago 8 suspected robbers killed in PhilippinesAP - 25 minutes ago Suspected US Missile strike kills 7 in PakistanAP - 26 minutes ago Japan in '65 sought US nuclear shield versus ChinaAP - 31 minutes ago Most Popular – Asia Pacific Viewed Global economy seen sinking into 'severe' 2009 recession: report Let poor eat caviar: Milan authorities New Year's hangover? Take two eels and call me in the morning Actress Jennifer Aniston appears naked in GQ magazine Putin warns against any attempt to destabilize Russia View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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