New Delhi, July 13 (IANS) The Competition Commission of India (CCI) on Monday imposed a total penalty of Rs 142.37 crore on HP India Sales Private Limited and 21 of its resellers in two separate orders after finding them guilty of cartelisation and bid rigging in government procurement through the Government e-Marketplace (GeM).In one order, the fair trade regulator imposed a penalty of Rs 126.87 crore on HP India and a combined penalty of around Rs 1.22 crore on five of its resellers for indulg…
Latest Bid Rigging News & Updates
Seoul, April 22 (IANS) The antitrust regulator here said on Wednesday it has decided to fine two local suppliers to Hyundai Motor and Kia, a combined 2.59 billion won ($1.75 million) for colluding to rig bids.SM Hwajin and Cubic Korea prearranged winners and bid prices in five tenders conducted between September 2020 and April 2023 to select contractors for surface treatment of vehicle interior materials, according to the Fair Trade Commission (FTC).The two companies were the only registered bid…