Friday, 30 Apr 2021 11:20 AM MYTIskandar said that the commission has set its sights on some 400 companies that are involved in both public and private projects in various states. ― Picture by Firdaus LatifKUALA LUMPUR, April 30 — The Malaysia Competition Commission revealed that more than 3,000 companies are being investigated for allegedly rigging tenders worth approximately RM5.8 billion.
“This is part of an ongoing fight against bid-rigging cartels and we are working closely with other agencies such as the Malaysian Anti-Corruption Commission , Finance Ministry, Internal Revenue Board, Domestic Trade and Consumer Affairs Ministry and even commercial banks,” he said. The report also pointed that MACC earlier this month had announced its success in bringing down a ‘project cartel’ believed to have monopolised a total of 354 tenders involving projects from several ministries and government agencies worth RM3.8 billion since 2014.