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

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 59%

مصر أخبار أخبار

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”.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Whites corruption has beautiful names

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 28. in EG

مصر أحدث الأخبار, مصر عناوين