Esorfranki companies ordered to pay R15.7m for colluding to fix prices

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مصر أحدث الأخبار,مصر عناوين

The Competition Tribunal has ordered three Esorfranki companies to pay an administrative penalty of R15.7m after finding they colluded with competitors in construction projects to fix prices and allocate customers and that they engaged in bid rigging.

In its pleadings, Esorfranki admitted to participating in the formal arrangements but said it stopped in 2005, more than three years before the commission's investigation started in 2009.

However, the tribunal dismissed Esorfranki’s argument. It said “the conduct pertaining to the projects allocated before September 24 2005 continued at least until after June 2008”.

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Whites corruption has beautiful names

مصر أحدث الأخبار, مصر عناوين