MyCC fines eight firms a total of nearly RM93mil for bid rigging


KUALA LUMPUR: Eight enterprises have been issued an infringement decision and fined a combined total of about RM93mil for engaging in a bid-rigging cartel involving three government projects worth about RM474mil, says the Malaysia Competition Commission (MyCC).

MyCC chief executive officer Iskandar Ismail said the cartel was involved in manipulating the tendering process for the projects under the Public Works Department and the Irrigation and Drainage Department in 2019. The act, he added, violated Section 4 of the Competition Act 2010 (Act 712).

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anti-competitive , bid rigging , MyCC

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