Company, ex-director fined for rigging bids in Ngee Ann Polytechnic quotation exercises

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 22 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

CCCS News

Ngee Ann Polytechnic

SINGAPORE: A software company and an ex-director have been fined by Singapore’s competition watchdog for rigging bids in quotation exercises&nb

New: You can now listen to articles.The company, Rei Securite, and Soh Chee Keong - the director of another, now-defunct, company called QBTT - were fined S$6,237 and S$2,550 respectively.

To create the"illusion of competition", Soh and Rei devised a plan in which Soh would submit cover bids from two newly incorporated companies, QBTT and Contabilita. Both Rei and Soh did not respond or object to a proposed infringement decision issued by CCCS on Aug 2. Any business that is currently involved in a cartel should approach CCCS to make a leniency application as soon as possible, it warned.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Company, COO fined for fatal fall of worker at warehouseA company and its chief operating officer (COO) have been held accountable for a workplace incident three years ago, in which a Singaporean worker with nearly 40 years of experience at the firm fell to his death. Automotive and industrial product distributor YHI Corporation...
Source: thenewpaper - 🏆 7. / 63 Read more »

Company and COO fined for fatal fall of Singaporean worker at warehouseMr Tay Hock Soon, who had been with the firm for almost 40 years, fell from a height of about 10m.
Source: The Straits Times - 🏆 8. / 63 Read more »