Fair Trade Commission investigates suspected coordination in railway-parts tenders
2 reports, 1 independent
Updated Nov 1
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What happened
The Fair Trade Commission began an inquiry on October 21 into suspected coordination in railway-parts tenders. The investigation covers a railway vehicle maker and at least one other supplier. According to reports, inspections conducted so far have not revealed apparent signs of bid-rigging.
From econotimes.com
Why it matters
The inquiry concerns a small portion of the railway vehicle maker's business. Domestic parts sales for the company account for about 5% of its revenue, while sales abroad remain below 10%.
From econotimes.com
Who's involved
- Fair Trade CommissionGovernment agency conducting the inquiry into suspected coordination in tenders