The Competition Commission of India (CCI) has imposed monetary penalties on two firms for allegedly rigging a bid floated by Gail for restoring well sites located in Ahmedabad and Anand areas of Gujarat, according to an official statement.
The CCI stated, quoting an investigation by the Director General of Investigation and other evidence, that the two firms were in regular touch with each other regarding the tender floated by Gail and even after the submission of their bids.
The bids of the two firms were submitted from same internet protocol address from the premises of one of the firms at Ahmedabad, with a one-day gap. The CCI stated it found such conduct to have contravened the provisions of a section in the Competition Act prohibiting anti-competitive agreements including bid rigging.
The competition watchdog also passed a cease-and-desist order, the statement said.
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