London - Britain's competition watchdog, the Office of Fair Trading (OFT), Thursday brought charges against four past and present British Airways (BA) executives over price-fixing on fuel surcharges.
The probe would be the first to threaten managers at a leading multinational company with jail, the Financial Times said Thursday. Conviction could lead to prison terms of up to five years.
The watchdog decided to charge the four men over a "conspiracy" between BA and rival Virgin Atlantic between 2004 and 2006 to fix the price of passenger fuel prices on transatlantic flights.
The case concerns Andrew Crawley, BA's current head of sales, and three previous top executives Martin George, Iain Burns and Alan Burnett.