CCI raids at ad agencies & IBDF continued till Wednesday morning
The searches began after the officials were tipped off a supposed cartelisation of fixing ad prices and discounts after a GST inquiry at a media agency, the sources said
Pitch Feature
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The Competition Commission of India (CCI) searches at the offices of advertising agencies including GroupM, Dentsu and Interpublic Group and IBDF, which began on Tuesday, continued till Wednesday morning, sources have told e4m. It ahs been learnt that many senior agency execs spent Tuesday night in their offices with respect to the raids.
The searches began after the officials were tipped off a supposed cartelisation of fixing ad prices and discounts after a GST inquiry at a media agency, the sources said.
On Tuesday afternoon, offices of GroupM, Dentsu, IPG and Publicis were raided by CCI officials at around 10 locations.
Reports claim that CCI officials blocked the entry and exit gates of these offices and seized the phones and laptops of employees.
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