The Competition Regulator’s latest addition to the ‘whisteblower’ mechanism to trace cartels | Explained
The story so far: Striving to strengthen the existing ‘whistleblower’ mechanism in the Competition Act, the Ministry of Corporate Affairs (MCA) notified the ‘Lesser Penalty’ Regulations, 2024 to introduce the ‘Lesser Penalty Plus’ regime. It incentivises existing industry participant(s) turned ‘whistleblowers’ to present “full, true and vital disclosures” about another cartel in the ecosystem which is unknown…