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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.

 

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