CCI issues cease and desist order against 6 firms found guilty of bid rigging & cartelization in FCI tenders
CCI issued a cease and desist order against the firms found guilty of bid rigging and cartelization in the said tenders floated by FCI.
The Competition Commission of India (CCI) issued a final order on October 29, 2021 against six firms which were found to have contravened the provisions of Section 3(1) of the Competition Act, 2002 read with Section 3(3)(d) thereof, which proscribe anti-competitive agreements.
CCI found these firms to have indulged in cartelization in the supply of Low Density Poly Ethylene covers (LDPE) to Food Corporation of India (FCI) by means of directly or indirectly determining prices, allocating tenders, coordinating bid prices and manipulating the bidding process. The case was initiated on the basis of a Reference filed on behalf of FCI.
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