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MyCC: Eight companies involved in bid rigging penalised RM1.45mil

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KUALA 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.

MyCC chief executive officer Iskandar Ismail said the companies had formed two cartels to manipulate four information technology projects involving Akademi Seni Budaya dan Warisan Kebangsaan worth RM1.92mil.

"This is because of their involvement with a series of anti-competition agreements or bid rigging involving Aswara procurement projects. Iskandar said the public procurement procedure was set to ensure competitive bids from bidders and companies were required to act responsibly. "The behaviour of the companies would jeopardise the competitive process and cause losses to the government, and leakages in public funds," he added.

 

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