Indonesia's anti-trust watchdog levies $3 million in fines on Grab and partner

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The Business Competition Supervisory Commission (KPPU) said it had found Grab had discriminated against its drivers, prioritising those provided by partner PT Teknologi Pengangkutan Indonesia (TPI) to the Softbank (T:9984)-backed firm.

In a statement, Dinni Melanie, the chair of the watchdog judicial panel, said it had found Grab infringed the anti-monopoly laws after evaluating the case on Thursday evening.

The agency imposed a fine of 30 billion rupiah ($2.1 million) on Grab and a penalty of 19 billion ($1.03 million) rupiah on TPI.

A spokesman for Grab, which is Southeast Asia’s most valuable startup with a valuation of $14 billion, told Reuters the firm would appeal the verdict.

“Grab’s view is that it has not violated any regulation, engaged in any anti-competitive business practices, or injured any third parties,” he said, characterising the watchdog’s findings as “unsubstantiated allegations”.

Reuters could not immediately reach TPI to seek comment.

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