https://www.taxtmi.com/news?id=11508 The Commission found suppliers to a government tender guilty of bid rigging and market allocation, constituting anticompetitive agreements under the Competition Act, 2002, based on identical or near identical bids that fixed rates and restricted supply; it imposed penalties on each firm at five percent of average gross turnover for specified years, required payment within sixty days, and directed cessation of such conduct. en-us Thu, 08 Aug 2013 18:03:34 +0530 Thu, 08 Aug 2013 18:03:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11508 The Commission found suppliers to a government tender guilty of bid rigging and market allocation, constituting anticompetitive agreements under the Competition Act, 2002, based on identical or near identical bids that fixed rates and restricted supply; it imposed penalties on each firm at five percent of average gross turnover for specified years, required payment within sixty days, and directed cessation of such conduct. News - Thu, 08 Aug 2013 18:03:34 +0530 https://www.taxtmi.com/news?id=11508