Google Faces record of 3 billion euro EU Antitrust Fine: Report

Google Faces record of 3 billion euro EU Antitrust Fine: Report

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Google Faces record of 3 billion euro EU Antitrust Fine

Google Faces record of 3 billion euro EU Antitrust Fine: The Sunday Telegraph of British newspaper said that, from the European Commission in the coming weeks, Google faces the record of around EUR 3 billion (roughly Rs. 22,764 crores).Google Faces record of 3 billion euro EU Antitrust Fine

Google Faces record of 3 billion euro EU Antitrust Fine: Report

The European Union has accused Google of promoting the shopping service in the Internet searches at the expense of rival services in the case that has dragged on since late 2010.

Last month the Reuters told matter to several people and they were familiar with the matter and they believed that after failed in three attempts at a compromise in the past six years now Google had no plans to try to settle allegations unless the EU watchdog changed its stance.

The Telegraph cited sources was very close to the situation as saying by the officials that are planned to announce the fine as early as next month, but the bill has yet not been finalised.

The newspaper also said that, Google will also be banned from continuing to manipulate the search results to harm rivals and favour itself.

Also Read: Google to block the Flash on Chrome, 10 websites exempted

The Commission will fine firms up to 10 percent of the annual sales, that in case Google would be a maximum possible sanction of more than the EUR 6 billion. A EUR 1.1 billion fine imposed on the chip-maker Intel in 2009 was the biggest antitrust fine to date.

The Google and Commission both declined to the comment.