Richard Reed(Reuters) Italy’s Antitrust authority said on Tuesday that it had fined the “big four” accounting firms a total of €23m (£20.3m) for allegedly conspiring to carve up large public consultancy contracts, a statement said.
Deloitte, KPMG, Ernst & Young (EY) and PWC “colluded” to win contracts worth a total of €66m euros, the statement said, “nullifying” the bidding process and “neutralising competition from outside the cartel”.
The fine each company received individually was not provided.