CCI slaps penalties upon firms for bid rigging in GAIL tender
New Delhi
11-October-2021
The Competition Commission of India (CCI) passed a final order against two firms - PMP Infratech Pvt Ltd and Rati Engineering - for indulging into concerted practices leading to bid rigging of a tender floated by GAIL in 2017-18 for the restoration of well sites located in Ahmedabad and Anand areas of Gujarat.
Further the bids of two firms were submitted from same IP address from the premises of PMP Infratech Pvt Ltd's office at Ahmedabad, with a one-day gap.
The CCI has found that such conduct contravened the provisions of Section 3(3)(d) read with Section 3(1) of the Competition Act, 2002 which prohibit anti-competitive agreements, including bid rigging.
It imposed a monetary penalty of Rs 25 lakh on PMP Infratech, Rs 2.5 lakh on Rati Engineering and Rs 1 lakh and Rs 50,000 on their respective individuals who managed and controlled the firms, besides passing a cease-and-desist order - IANS
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