Bharat Forge’s German subsidiaries have agreed to pay the fine of euro 32 million in the next five years and settlement of Aluminiumtechnik GmbH was signed today while the settlement of CDP GmbH & Global Holding GmbH are expected to be signed by the next year. Bharat Forge is among the many aluminium forging companies which are being fined for engaging in illegal competitive agreements.
It was Bharat Forge Aluminiumtechnik GmbH & Presswerk Kreferd that reported this offence and helped in proving the alleged illegal activities.