This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Indian Railways suppliers, 10 individuals hit with new bid-rigging fines

By Freny Patel ( June 10, 2022, 03:28 GMT | Insight) -- Seven Indian Railways suppliers including Jai Polypan, Polyset Plastics, Power Mould and Anju Techno Industries, along with 10 individuals associated with the companies, have receive a new fine for bid-rigging and cartel offenses relating to tenders for the provision of protective tubes. The Competition Commission of India also ordered the companies to immediately end anticompetitive practices and imposed a collective penalty of $38,551. Some of the companies and individuals targeted by the most recent fines had already been penalized in April for similar conduct.Seven Indian Railways suppliers including Jai Polypan, Polyset Plastics, Power Mould and Anju Techno Industries, along with 10 individuals associated with the companies, have receive a new fine for bid-rigging and cartel offenses relating to tenders for the provision of protective tubes....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections