New Delhi, Fair trade watchdog CCI on Friday imposed penalties on two entities for bid rigging with respect to a tender floated by the Himachal Pradesh government for procurement of tyres.
Rekha Agencies and SS Marketing have been slapped with penalties of Rs 1,29,901 and Rs 2,13,274, respectively, for indulging in anti-competitive conduct in respect of Himachal Pradesh Tender 2013 for the procurement of tyres, according to an official release.
Besides, the Competition Commission of India (CCI) has directed the two entities to cease and desist from anti-competitive conduct.
“Based on the contemporaneous exchange of emails containing commercially sensitive information regarding price bids before the submission of bids, the Commission found that Rekha Agencies and SS Marketing acted in a concerted manner amounting to bid rigging in Himachal Pradesh Tender 2013, thereby contravening the provisions of Section 3(3)(d) read with Section 3(1) of the Act,” the release said.
Section 3 pertains to anti-competitive agreements.
The regulator also said a penalty has been imposed on an official of Rekha Agencies and the latest order has come on a reference case of 2019.
