Google will have to pay a fine of 20 thousand crores for breaking trust

The high court has upheld the 2.42 billion euro (about 20 thousand crore rupees) fine imposed on the giant American company Google under the breach of trust law implemented in the European Union (EU). Europe's second-highest court has upheld a penalty imposed by EU rivalry chief Margrethe Vestager.

Vestager has imposed this fine for the shopping service implemented by the world's most popular search engine Google in 2017. Due to this service, small companies in Europe suffered heavy losses. The rivalry chief considered Google's conduct against the rules of healthy rivalry. The rivalry chief had previously warned Google of this rule. On this, the tech giant has promised to remove it in a phased manner.

In another case of breach of trust in Google, a fine of 8.35 billion euros (Rs 70,800 crore) was also imposed in Europe in the last decade. Vestager is also currently investigating cases against American giants Amazon, Apple and Facebook. The EU General Court rejected Google's appeal against the Rivalry Commission's decision.