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CCI issues cease and desist order against firms found guilty of bid rigging, cartelization_我的网站

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一 | (ECNS) -- The main structure of the south anchorage for the south channel bridge of the Zhangjinggao Yangtze River Bridge – the world's longest-span bridge under construction – was completed on Tuesday in east China's Jiangsu Province, marking a significant step forward in the mega-project. The bridge will connect the three cities of Zhangjiagang in Suzhou, Jingjiang in Taizhou and Rugao in Nantong in Jiangsu, and it is expected to be completed and open to traffic by 2028. With a river-spanning length of 7,900 meters, the bridge will contain approach bridges and navigation sections for the north and south, with two-way eight traffic lanes and a designed speed of up to 100 kilometers per hour. The south navigation bridge, with a span of 2,300 meters, will be the world's largest span suspension bridge, marking a milestone in Chinese bridge construction history with a 2,000-meter-long span barrier. Its two towers, each 350 meters tall, use about 34,000 metric tons of steel – equivalent to the amount used in more than four Eiffel Towers. Upon completion, the Zhangjinggao Yangtze River Bridge will play a key role in accelerating the integration of the Yangtze River Delta. Jiangsu Province aims to have 28 river crossings by 2030 to improve regional transportation. 。 New Delhi, Oct 11 (UNI) The Competition Commission of India (CCI) has issued cease and desist order against 8 firms found guilty of bid rigging and cartelization in tender floated by Eastern Railway, an official statement said on Tuesday.
The case was initiated on the basis of a reference filed on behalf of the Eastern Railway.
CCI found the firms to have indulged in cartelization in the supply of axle bearings to Eastern Railway by means of directly or indirectly determining prices, allocating tenders, coordinating bid prices and manipulating the bidding process.
The evidence in the matter included e-mails, call detail records and the statements of the representatives of the firms, the statement said.
The e-mails exchanged showed that the firms allegedly discussed quantity allocation with respect to the tenders of Indian Railways for the procurement of Axle Bearings amongst themselves.
"The vendors were also found to have discussed the compensation mechanism in the event that some of them did not win the agreed quantities," the statement said.
Of the eight entities, two were lesser penalty applicants before the CCI.
" Under Section 46 of the Act, a cartel member may approach the Commission by way of filing an application seeking lesser penalty, in return for providing full, true and vital disclosures in respect of the alleged cartel to the Commission. In this backdrop, CCI found eight firms guilty of bid rigging and cartelization in tender floated by Eastern Railway during the years 2015 to 2019," the statement.
However, CCI refrained from imposing any monetary penalty considering the firms were MSMEs with limited staff and turnover, the cooperative and non-adversarial approach adopted by firms in acknowledging their involvement as well as the economic stress wrought upon the MSME sector in the wake of COVID-19, the statement added.
UNI AKM GNK。