https://www.taxtmi.com/news?id=3107 The Commission found three suppliers engaged in bid rigging in the supply of medical equipment to a government hospital, concluding their collusive conduct inflated procurement costs and violated the Competition Act. Penalties were applied at five percent of average turnover over three years, aggregating to the monetary sanction reported in the press release, reflecting enforcement of turnover-based penalties to deter anticompetitive behaviour in government procurement. en-us Wed, 18 Apr 2012 16:43:59 +0530 Wed, 18 Apr 2012 16:43:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3107 The Commission found three suppliers engaged in bid rigging in the supply of medical equipment to a government hospital, concluding their collusive conduct inflated procurement costs and violated the Competition Act. Penalties were applied at five percent of average turnover over three years, aggregating to the monetary sanction reported in the press release, reflecting enforcement of turnover-based penalties to deter anticompetitive behaviour in government procurement. News - Wed, 18 Apr 2012 16:43:59 +0530 https://www.taxtmi.com/news?id=3107