In 2008, at Southwark Crown Court in London, the UK's Office of Fair Trading ("OFT") successfully prosecuted three former executives of Dunlop Oil who were found to have been involved in the marine hoses cartel. The cartel is believed to have inflated the price of marine hoses – used to transport oil from tankers to shore – by around 18% and cost the UK Ministry of Defence millions of pounds.
FFW's John Cassels and Jessica Burns examine the record of the OFT - soon to be superseded by the new Competition and Markets Authority ("CMA") - in securing criminal convictions and the requirement of establishing dishonesty being removed from cartel offences from 1 April 2014 to make it easier for the CMA to secure future convictions.
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