KUALA LUMPUR: More than 3,000 companies are being investigated by the Malaysia Competition Commission (MyCC) for allegedly rigging tenders worth a total of about RM5.8bil. “The companies are related to many types of products and services including agricultural, services, construction, technology and infrastructure, ” said MyCC chief executive officer Iskandar Ismail (pic). He said the complainants consisted of government agencies, members of the public and anonymous parties. MyCC has the power to investigate and punish bid-rigging activities by cartels under Section 4 of the Competition Act 2010. Around 150 companies were used in rotation to win tenders or quotations issued by ministries and government agencies.

Source: The Star April 29, 2021 23:15 UTC