EIGHT ENTERPRISES FINED RM1.5 MILLION FOR BID RIGGING CARTEL
05 July 2022
KUALA LUMPUR, 5 JULY 2022 – Today, the Malaysia Competition Commission (MyCC) imposed a financial penalty amounting to RM1,548,192.35 against eight (8) enterprises for engaging in bid rigging conducts involving four (4) different IT related projects worth RM1,925,365.90 that were procured by the National Academy of Arts, Culture and Heritage of Malaysia (“ASWARA”).
Upon thorough review of evidence and careful deliberation of the written and/or oral representations by the eight enterprises, MyCC concludes that, based on strong and compelling evidences, the conduct of the enterprises constitutes an infringement under section 4(1) read together with section 4(2) of the Competition Act 2010.
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