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Companies involved in bid rigging in Malaysia face five-year blacklist

( June 22, 2022, 06:44 GMT | Official Statement) -- MLex Summary: Companies that want to participate in Malaysian government tenders now have to sign a letter declaring their commitment to not offer or give bribes to any government agency or engage in bid rigging, under a Ministry of Finance circular that came into effect this month. Individuals or companies found to have engaged in bid rigging in public procurement will be blacklisted by the finance ministry for five years. The Malaysia Competition Commission, or MyCC, called the circular a milestone in efforts to fight bid rigging. The regulator's statement and the circular are attached. ...

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