Eight companies fined for engaging in bid rigging

KUALA LUMPUR: Eight companies have been slapped with financial penalties totalling RM1,548,192 for engaging in bid rigging involving government procurement, says the Malaysia Competition Commission (MyCC).

MyCC chief executive officer Iskandar Ismail announced the decision and noted that the eight companies were involved in four different IT-related projects worth RM1,925,365.90 which were procured by the National Academy of Arts, Culture and Heritage of Malaysia (Aswara).