Eight companies fined for engaging in bid rigging

KUALA LUMPUR: Eight companies have been slapped with financial penalties totalling RM1,548,192 for engaging in bid rigging involving government procurement, says the Malaysia Competition Commission .

“Upon a thorough review of evidence and careful deliberation of the written and oral representations by the eight enterprises, we concluded that their conduct constituted an infringement under Section 4 read together with Section 4 of the Competition Act 2010. He added that the “alarm bells” first rang in 2017 when a Tuah Packet representative attended an RFQ presentation for an Aswara project worth RM467,727 which Caliber had won the year prior.

Still better than direct nego and giving it directly to a crony....

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MyCC: Eight companies involved in bid rigging penalised RM1.45milKUALA LUMPUR: The Malaysia Competition Commission (MyCC) has imposed financial penalties totalling RM1.54mil on eight companies for their involvement in bid rigging involving government procurement.
Source: staronline - 🏆 4. / 75 Read more »

MyCC: Eight companies involved in bid rigging penalised RM1.45milKUALA LUMPUR: The Malaysia Competition Commission (MyCC) has imposed financial penalties totalling RM1.54mil on eight companies for their involvement in bid rigging involving government procurement.
Source: staronline - 🏆 4. / 75 Read more »