KUALA LUMPUR: Submitting multiple tender bids through “different” companies and sudden bid withdrawals are among the tactics used by enterprises engaging in cartels to rig the bidding process for government tenders, says the Malaysia Competition Commission (MyCC).
MyCC chief executive officer Iskandar Ismail also pointed out how more than 500 companies are being investigated for possible cartel practices across various sectors.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
