CCI slaps penalties upon firms for bid rigging in GAIL tender

Sarkaritel
By Sarkaritel October 11, 2021 19:50

CCI slaps penalties upon firms for bid rigging in GAIL tender


New Delhi, Oct 11 (IANS) 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.

Based on investigation and electronic/documentary evidence collected by its Director General as well as other evidence available on record, the CCI found that the two firms were in regular touch with each other regarding the tender floated by GAIL and even after the submission of their bids.

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.

Sarkaritel
By Sarkaritel October 11, 2021 19:50

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