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

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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.

این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:

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