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LEGAL DEVELOPMENTS

405

Bankası T.A.O. and Yapı ve Kredi Bankası A.Ş., which operate in

the banking market, to determine whether the aforementioned Act

was infringed by the above undertakings through colluding as part

of a so-called “gentleman’s agreement” to not offer promotions

to private firms and for the other banks to not extend offers to

those institutions/firms for which the protocols are continuing;

and as concerns 6 of the above banks, through colluding and

predetermining the promotion amount that they would bid in the

tender by Erdemir T.A.Ş. for 2005 salary payments. The Board

decided that Akbank T.A.Ş., Türkiye Garanti Bankası A.Ş.,

Türkiye İş Bankası A.Ş., Koçbank A.Ş., Pamukbank A.Ş., Yapı

ve Kredi Bankası A.Ş. and Türkiye Vakıflar Bankası T.A.O., as

of 2001; Finans Bank A.Ş., as of 2004; and Denizbank A.Ş., as

of 2005, infringed competition under Article 4 of Act No. 4054

through the abovementioned act, that these undertakings will be

given an administrative fine of 4 thousandths of the annual gross

revenues that accrued by the end of the fiscal year 2010, and that

although it was established that Koçbank A.Ş. and Pamukbank

A.Ş. were part of the agreement during 2001 and 2002, because

the five-year time limit provided under the abolished Article 19 of

Act No. 4054, which was in force at the time of the infringement,

ended, Türkiye Halk Bankası A.Ş. and Yapı ve Kredi Bankası A.Ş.

need not be given administrative fines due to the acts of the said

banks. (07.03.2011, 11-13/243-78)

• As a result of the examination conducted into Çimsa Çimento

San. ve Tic. A.Ş. based on the claim that it increased the prices of

cement without any justification and thus placed the ready-mixed

concrete producers in a difficult position, the Board decided that

there is no need to open an investigation under Act No. 4054 and

that the complaint should be dismissed. (10.03.2011, 11-15/261-

89 )

• As a result of the examination conducted based on the claim that

concerning the cars that were purchased to be operated by the

Foundation for Strengthening the Judiciary Organization and that

were given to the service of judiciary, the fees charged to travel for

purposes of seizure proceedings are excessively priced compared