News Formal

Companies accused of tender collusion pay fines to Competition Commission

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Malaysia News News

Two firms run by a mother and son, respectively, have agreed to settle with the Competition Commission and pay penalties amounting to R80,000 for allegedly colluding with each other in relation to a National Treasury tender.

The tender was for the supply, delivery and offloading of animal feed to the state from October 1, 2016 to September 30, 2019.

The commission concluded that the conduct between Aludar and Ikemele amounted to collusive tendering in contravention of the Competition Act. “The consent agreements have both been confirmed as orders by the Tribunal,” the commission said in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Behind every successful person there's always a helper AMBREYMARCUS1 is the person behind my success story he helped me earn R400,000. thanks for restoring my hope once again AMBREYMARCUS1

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:

 /  🏆 13. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

CRL Rights Commission calls on government to shut down illegal initiation schools - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Commission for the Promotion and Protection of the Rights of Cultural, Religious and Linguistic Communities (CRL Rights Commission) has ordered that all illegal initiations schools be shut down. initiationschools Where do the does commission come from ?
Source: SABCNews - 🏆 37. / 51 Read more »