Employees of the Icelandic Competition Authority searched the headquarters of grocery stores Bónus and Kaupás, which operates Krónan, yesterday looking for evidence of alleged price fixing on which the local media reported earlier this month.
According to Morgunbladid, the premises of three wholesalers, Innes, Íslensk-ameríska and O. Johnson and Kaaber, were also searched.
The investigation focuses primarily on possible violations of the 10th article of the competition laws, illegal price fixing between retailers and suppliers, ruv.is reports.
The Competition Authority will speed up the investigation as much as possible, but since it is considerably extensive, it may take some time before the authority finishes analyzing the collected data.
Both operational manager of Krónan Kristinn Skúlason and managing director of Bónus Gudmundur Marteinsson say they praise the house search, hoping it will clear their stores of all suspicion on price fixing.
Click here to read more about the alleged price fixing.