Anti trust funds set up to en­cour­age whistle­blow­ers

The China Post - - LOCAL -

The Leg­isla­tive Yuan passed an amend­ment to the Fair Trade Act Tues­day that will al­low au­thor­i­ties to set up an anti trust fund to strengthen their ef­forts to in­ves­ti­gate and pun­ish col­lu­sion.

Ac­cord­ing to the amend­ment, the sources of the fund will in­clude 30 per­cent of the fines for fair trade vi­o­la­tions, as well as in­ter­est in­come and the gov­ern­ment bud­get.

The fund will be used as prize money for peo­ple who pro­vide in­for­ma­tion on col­lu­sion to au­thor­i­ties. It will also be used to pro­mote co­op­er­a­tion, in­ves­ti­ga­tion and ex­changes among in­ter­na­tional com­pe­ti­tion law en­force­ment au­thor­i­ties, the amend­ment stip­u­lates.

Rul­ing Kuom­intang Leg­is­la­tor Ting Shou-chung, who pro­posed the amend­ment, said col­lu­sion is usu­ally con­ducted covertly and hard to de­tect un­less there is in­for­ma­tion pro­vided from in­sid­ers, and this prize money pro­vi­sion can help en­cour­age peo­ple to blow the whis­tle.

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