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The affect of bid-rigging on public expenditure can indeed be devastating.
A judge in Michigan has ruled that Oklahoma-based Chesapeake Energy Corp must face a criminal trial on a charge of bid-rigging with competitor Encana Corp at a 2010 state land lease auction, citing evidence of a conspiracy between the companies that drove state lease prices down sharply.
Eryylmaz and 20 other suspects were detained recently as part of an investigation into corruption, bribery, embezzlement and bid-rigging claims.
Denso exec pleads guilty, to serve prison term over bid-rigging
The contractors and the association are believed to have engaged in bid-rigging for more than 10 years over road construction and river development projects that were financed by the Land, Infrastructure, Transport and Tourism Ministry and the Kochi prefectural government.
Santa Cruz County has announced that it will end ties with JP Morgan (NYSE: JPM) and Bank of America Corp (NYSE: BAC), which were involved in allegations of municipal bid-rigging.
A federal appeals court in Philadelphia in August reinstated some of the bid-rigging allegations against numerous insurance carriers and insurance brokers contained in a nationwide policyholder lawsuit.
also known as CDR Financial Products, a Los Angeles-based financial products and services firm, pleaded guilty last year to bid-rigging and fraud conspiracies.
Perhaps guided by that maxim, Bulgaria's Commission on Protection of Competition (CPC) spared no detail in compiling its list of circumstances whose presence was sufficient to generate suspicion of potential bid-rigging in public procurement tenders.
THE building firm handed the biggest fine in a bid-rigging inquiry hinted at an appeal after hitting out at the size of its pounds 17.
The OFT, which has been investigating the situation for five years, said it had detected bid-rigging activities on projects across England worth more than Au200 million, including for schools, hospitals and apartment blocks.
5m on 103 building firms after a probe found 199 tenders dating from 2000 to 2006 where bid-rigging took place.