News

Former Bingo CEO pleads guilty to criminal cartel offences

Former managing director and CEO of Bingo Industries, Daniel Tartak, has today entered pleas of guilty to criminal cartel offences, after charges were laid by the Commonwealth Director of Public Prosecutions (CDPP) following an ACCC investigation and referral.

On August 16, 2022, Tartak was charged with two cartel offences relating to a price fixing arrangement for demolition waste services in Sydney.

Bingo Industries was also charged and entered guilty pleas in respect of price fixing charges relating to the same conduct.

While Tartak was its managing director and CEO, Bingo agreed with its competitor Aussie Skip Bin Services to fix and increase prices for supplying skip bins for building and demolition waste.

Former CEO Daniel Tartak. Photo: YouTube

Tartak was charged with aiding and abetting this cartel conduct.

“Colluding with your competitors to increase prices at the expense of your customers is serious cartel conduct. Taking appropriate action against companies and individuals allegedly involved is a significant part of our work,” ACCC Chair Gina Cass-Gottlieb said.

The matter will now proceed to a sentencing hearing in the Federal Court on March 9-10, 2023.

An individual convicted of a criminal cartel offence may be sentenced to up to 10 years’ imprisonment or fined up to $444,000, or both.

Leave a Reply

Your email address will not be published. Required fields are marked *

Send this to a friend