January 07, 2026 10:12 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
TMC moves Supreme Court against ECI over SIR, alleges ‘WhatsApp Commission’ in voter revision | Madurai HC shocks DMK! Hilltop Karthigai Deepam allowed, court slams ‘unnecessary politicisation’ – Hindus celebrate big victory! | Suresh Kalmadi, ex-Union Minister and controversial Commonwealth Games chief, passes away at 81 | Bangladesh bans IPL telecast after KKR drops Mustafizur Rahman | ‘Qualitatively different’: Supreme Court shuts bail door on Umar Khalid, Sharjeel Imam in Delhi riots case | ‘Modi is a good guy,’ says Trump — then comes the tariff threat over Russian oil | Oil stocks surge after US strike on Venezuela — ONGC, RIL in sharp focus | ‘Epicentre of misgovernance’: Rahul Gandhi blasts Madhya Pradesh govt over deadly water contamination | After Mamdani's letter, 8 US lawmakers push 'fair trial' for Umar Khalid amid UAPA case | ‘Bad neighbours’: Jaishankar shreds Pakistan, defends India’s right to act against cross-border terror

CCI reduced penalty on four bidders in Pune Municipal Corporation bid rigging case

| @indiablooms | May 02, 2018, at 08:50 pm

Mumbai, May 2 (IBNS): The central Ministry of Corporate Affairs said on Wednesday that the Competition Commission of India (CCI) has passed the final order imposing penalty on six firms for bid rigging/ collusion in five tenders floated by Pune Municipal Corporation.

The firms are Fortified Security Solutions (Fortified), Ecoman Enviro Solutions Pvt. Ltd. (Ecoman), Lahs Green India Pvt. Ltd. (Lahs Green), Sanjay Agencies, Mahalaxmi Steels ( Mahalakshmi) and Raghunath Industry Pvt. Ltd. (Raghunath).

The tenders were floated during the period December 2014 to March 2015 for “Design, Supply, Installation, Commissioning, Operation and Maintenance of Municipal Organic and Inorganic Solid Waste Processing Plant(s)”.

Under the provisions of Section 46 of the Competition Act, 2002 (‘the Act’) read with the Competition Commission of India (Lesser Penalty) Regulations, 2009 (‘Lesser Penalty Regulations’), CCI reduced penalty on four bidders i.e. Mahalakshmi, Lahs Green, Sanjay Agencies and Ecoman, the release said.

The case against these firms was initiated on the basis of an information filed under Section 19(1)(a) of the Act by Nagrik Chetna Manch.

During investigation, all six firms approached CCI as lesser penalty applicants.

From the evidence gathered during the investigation, CCI found that there was bid rigging/ collusive bidding in the Tender nos. 34, 35, 44, 62 and 63 of 2014 for ‘Design, Supply, Installation, Commissioning, Operation and Maintenance of Municipal Organic and Inorganic Solid Waste Processing Plant(s)’ in contravention of Section 3(3)(d) read with Section 3(1) of the Act.

Further, CCI also found meeting of mind and co-ordination between various individuals which included the proprietor/ partner/ director of the firms to rig the tenders by way of submitting proxy/ cover bids.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm