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Colombia's SIC fines 51 companies, 19 individuals in bid-rigging cartel probe

( September 22, 2022, 14:59 GMT | Official Statement) -- MLex Summary: Fifty-one companies, including several construction firms, and 19 individuals have been fined a total of $3.1 billion Colombian pesos ($710,665) by the national competition authority for colluding in bidding processes carried out by the Corporación Autonomia Regional del Canal del Dique, according to a statement. The Superintendence of Industry and Commerce, or SIC, said the bid processes were for contracting services of cleaning and maintenance of canals, streams and watersheds in Bolívar. The fined companies include CGR Construcciones, Conceptos Ingenierías and Constructora Proyetos & Suministros.SIC press release follows in Spanish:...

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