Competition Commission Of India May Fine Google $5 Billion

Mar 10, 2014 • 8:11 am | comments (4) by twitter Google+ | Filed Under Google News & Finances
 

CCI logoTimes of India reports Google may be fined up to $5 billion by the Competition Commission of India.

The commission in India has filed an antitrust investigation and if found that Google has violated anti-competitive laws of the country, it can face hefty fines, even for Google.

Google said it is "extending full cooperation" to the CCI in its investigation. The conclusion of a two-year review by the US antitrust watchdog has concluded that the company's services were good for competition, it added. The case has been before the Competition Commission of India (CCI) as well for over two years now and it relates to allegations that Google is abusing its dominant position in the internet search engine space.

It is expensive running a successful company, isn't it?

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Comments:

CaptainKevin

03/10/2014 03:06 pm

I'm sure Google will find a way to lobby/buy their way out of this one too. Maybe the statement about Google's services being good for competition should be reworded to "The conclusion of a two-year review by the US antitrust watchdog has concluded that the company's services were good for government data collection efforts" instead.

Deb Dulal Dey

03/10/2014 04:02 pm

no please .. all the money will be eaten by our greedy and super corrupt politicians at the end

StevenLockey

03/10/2014 04:34 pm

"The conclusion of a two-year review on CaptainKevin's posts has concluded that the company's services were good for conspiracy theorists"

CaptainKevin

03/10/2014 05:12 pm

Google's Chairman, Eric Schmidt, is an ally of President Obama and sits on the President's Council of Advisors on Science and Technology board http://www.whitehouse.gov/administration/eop/ostp/pcast/about/members Google also sharing data with the NSA. When the FTC was investigating Google, they spent $25 million lobbying Feds http://thenextweb.com/google/2013/01/04/google-spend-25-million-lobbying-during-the-course-of-the-ftc-probe-and-it-worked/#!zcKWa and used 12 lobbying firms to do it http://thehill.com/blogs/hillicon-valley/technology/169425-google-hiring-12-lobbying-firms-in-response-to-investigations The above is all factual. Filling in the blanks requires a little common sense, but it's pretty much common knowledge that lobbyists get the job done. I'm sure lobbyists have more tools in their tool chest than just opinions.

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