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Swift Networks to pay $760,000 fine over bid rigging for tenders in Australian mining towns

By Saloni Sinha ( September 7, 2023, 07:05 GMT | Insight) -- Australian specialist-technology company Swift Networks has been fined $760,000 for engaging in cartel conduct by rigging bids in a tender to supply technology infrastructure and services to three mining-village projects between May and October 2019 in the state of Western Australia. In a judgement hearing in the Federal Court of Australia, Swift Networks admitted that it had agreed with DXC, a competitor, that one of them would submit a higher price than the other in response to a request for bids and would share the proceeds of any work awarded.Australian specialist-technology company Swift Networks has been fined A$1.2 million ($760,000) for engaging in cartel conduct by rigging bids in a tender to supply technology infrastructure and services to three mining-village projects between May and October 2019 in the state of Western Australia....

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