Court backs Sh26.8m fine against steel maker in price-fixing scandal

The High Court dismissed an appeal by Accurate Steel Mills Ltd against a Sh26.8 million fine imposed three years ago for price-fixing, allowing the Competition Authority of Kenya (CAK) to enforce the penalty. The court ruled that CAK did not err in law or fact by requiring the manufacturer to explain its involvement after presenting evidence of anti-competitive conduct. The ruling clears the way for the enforcement of the fine.