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        <h1>CCI Fines Seven Companies for Bid Rigging in Railways Tenders, Violating Competition Act Sections 3(3)(a)-(d.</h1> The Competition Commission of India (CCI) penalized seven companies for bid rigging and cartelization in Indian Railways tenders, violating Sections 3(3)(a) to 3(3)(d) of the Competition Act, 2002. Initiated by a lesser penalty application from a cartel member, the CCI found these companies manipulated bidding processes, determined prices, and controlled supply. Evidence included email communications and bid submissions from the same IP addresses. Ten individuals were also held liable. CCI imposed a 5% penalty on the companies and individuals, with a 100% penalty reduction for the applicant, resulting in a total penalty of approximately INR 30 lakhs and a cease-and-desist order.

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        ActsIncome Tax
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