CCI penalises 24 entities, individuals for bid-rigging Indian Railways tenders
NEW DELHI: The Competition Commission has slapped penalties totalling around Rs 1.16 crore on 24 entities, including individuals, for indulging in bid-rigging and cartelisation in tenders floated by the Indian Railways.
As many as 11 entities and 14 individuals of these entities were found to have violated competition norms. Out of these 25, the regulator did not impose any penalty on one entity. Besides slapping penalties on 24 of them, the watchdog has directed them to cease and desist from anti-competitive practices.
