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Pratt the Visy Cardboard Entrpreneur Collusion in a Cardboard Cartel


Australia's third richest man, Richard Pratt, colluded in a cardboard cartel that could cost him up to $427 million in penalties, documents submitted to the Federal Court say.

The billionaire philanthropist and doyen of entrepreneurial Australia was named yesterday in a statement of claims lodged by the Australian Competition and Consumer Commission.

The document alleges 14 separate incidents of cartel behaviour, including price-fixing, between Mr Pratt's Visy cardboard empire and its business rival, Amcor.

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