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

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.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Here's why the MyCC can't act on DNB and Celcom-Digi merger - SoyaCincauSome groups have called upon the Malaysia Competition Commission (MyCC) to act on the Celcom-Digi merger as well as DNB. Unfortunately, telcos are not under their purview and here's why.
Source: Soya_Cincau - 🏆 16. / 55 Read more »

Sime Darby divesting Weifang Port companies for RM1.27bKUALA LUMPUR, July 4 — Sime Darby Bhd is exiting the non-core ports business by divesting the entire equity interest in its Weifang Port companies for 1.92 billion yuan (about...
Source: malaymail - 🏆 1. / 86 Read more »