Order against Medical Equipment Suppliers imposing a penalty of about Rs.3.01 Crore

Posted: 25/04/2012 in CCI, News

The Competition Commission of India has found three parties namely, M/s PES Installation Private Limited, M/s MDD Medical Systems Private Limited & M/s Medical Products Services in contravention of provisions of the Competition Act for their collusive acts in supply of medical equipments to Sports Injury Centre (SIC), Safdarjung Hospital, New Delhi. The Commission has observed that bid rigging is a major drain on the exchequer raising the cost of procurement for the Government. Taking into account the anticompetitive acts of these parties, the Commission imposed penalty@ 5% on the average turnover of 3 years aggregating to about Rs.3.01 crore on them.

Source: Press Information Bureau.

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