By Marcus Leach

An enquiry into possible price fixing by sportswear retailers has been provisionally closed by the Office of Fair Trading (OFT).

Whilst the OFT have closed their investigation, and said they will decide later in the year if any laws were broken, the Serious Fraud Office's investigation is ongoing.

The inquiries began after JJB Sports raised concerns over a 'cartel' in 2009.

"[The OFT's decision] is in line with Sports Direct's long held views on the investigation," he said. "It is also consistent with previous decisions taken by other regulatory bodies," Keith Hallawell, chairman of rival Sports Direct, said in welcoming the OFT's move.

JJB, in return for their full cooperation in the investigation have been granted immunity by the OFT from any possible financial penalties.

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