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Business EconomyPosted at: Oct 11 2021 6:46PM


Fair trade watchdog CCI imposes penalties on firms for bid rigging in GAIL tender

New Delhi, Oct 11 (UNI) Fair trade watchdog Competition Commission of India (CCI) has imposed penalties on PMP Infratech and Rati Engineering for bid rigging in tender floated by public sector Gas Authority of India Ltd (GAIL).
"The CCI imposed a monetary penalty of Rs 25 lakh on PMP Infratech Pvt. Ltd, 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," an official press note said.
Based on investigation and other evidence, 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.
"CCI found such conduct to have 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," the statement said.
The CCI passed the final order against PMP Infratech and Rati Engineering for indulging into concerted practices leading to bid rigging of tender floated by GAIL in 2017-18 for the restoration of well site located in Ahmedabad and Anand areas of Gujarat.
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Tags: #Fair trade watchdog CCI imposes penalties on firms for bid rigging in GAIL tender
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