In the spotlight: Iskandar said some bidders would also work in unison to ensure they took turns to win a tender and keep outsiders out of their cartel.
KUALA LUMPUR: Malaysia’s anti-monopoly authority, which has slapped over RM160mil in penalties against companies, is now focusing its investigations on bid-rigging in government tenders worth billions of ringgit.
“We have been working with several government bodies such as the Finance Ministry, and the latest being the Malaysian Anti-Corruption Commission (MACC), to weed out such malpractices, ” said Malaysia Competition Commission (MyCC) chief executive officer Iskandar Ismail.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
