The Justice Department and FBI will be investigating entities that may be exploiting supply chain disruptions caused by the COVID-19 pandemic, the DOJ announced Thursday.
As part of the new initiative, the DOJ's Antitrust Division will prioritize current investigations into entities that may be exploiting supply chain issues for illicit profit."Temporary supply chain disruptions should not be allowed to conceal illegal conduct," DOJ Antitrust Division Assistant Attorney General Jonathan Kanter said in a Thursday statement.
Specifically, the DOJ and FBI will be looking into companies and individuals that have colluded to fix prices or wages, rig bids or allocate markets, DOJ said in a press release.GET FOX BUSINESS ON THE GO BY CLICKING HERE "The lingering challenge of supply chain disruptions from the COVID-19 pandemic has created an opportunity for criminals to fix prices and overcharge customers," FBI Criminal Division Assistant Director Luis Quesada said. "The FBI and our law enforcement partners will continue to collaborate and investigate schemes that violate our antitrust laws and stifle our economic recovery.
FILE - ,Cargo containers sit stacked at the Port of Los Angeles, Wednesday Oct. 20, 2021 in San Pedro, Calif. California Gov. DOJ acknowledged that while businesses across a variety of industries have come up with innovative ways to combat supply chain issues and rising prices resulting from transportation constraints, routine business disruptions and difficulty obtaining raw materials, some bad actors have taken advantage of those disruptions to make more money.
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