USEUROPEAFRICAASIA 中文双语Français
Home / Business

Foreign companies prepare themselves for 'dawn raids'

By Reuters | China Daily | Updated: 2014-08-12 09:42

On Aug 4 in the early afternoon, 10 men in suits and casual business clothes barged into a busy office at Mercedes-Benz's East China sales office, near Shanghai's Hongqiao international airport.

"People were starting a new week and were just back from lunch, when the men arrived," said a person familiar with the scene. "They didn't have the slightest idea they were coming to ... question people for data and information for the next 10 hours," he said, adding the men were antitrust investigators from the National Development and Reform Commission.

Such "dawn raids" more commonly seen in the United States and Europe have become a powerful weapon for China's increasingly aggressive antitrust enforcement agencies, the NDRC and the State Administration for Industry and Commerce, allowing them to seize evidence that may aid broader probes into antitrust violations or corruption.

Foreign companies prepare themselves for 'dawn raids'

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US