Prosecutors seek arrests in price fixing scheme - WAOW - Newsline 9, Wausau News, Weather, Sports

Prosecutors seek arrests in price fixing scheme

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SAO PAULO (AP) - Brazilian prosecutors are seeking the arrest of 13 foreign executives from three international companies allegedly involved in a cartel to raise prices for the construction and upkeep of subway and train systems in Sao Paulo.

The press office of the Sao Paulo State Prosecutor's Office said Friday that none of the 13 executives are in Brazil, and if necessary the federal police will ask the international police agency, Interpol, for help.

Eleven of the 13 work for Siemens of Germany, one for Bombardier of Canada and another for South Korea's Hyundai Rotem.

Siemens would only say said in a statement that it wants a "full investigation of the irregularities committed."

Neither Bombardier nor Hyundai Rotem had immediate comment.

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