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CCP grants leniency to Siemens for switchgear and transformer cartel

By  |  April 4, 2012

The Competition Commission of Pakistan has granted leniency to Siemens for breaking cartels in the annual switchgear and distribution transformer market. Siemens had filed its application after the watchdog issued a show cause notice in September 2011. The company submitted 233 documents with its application, which will help break the bid-rigging cartel operated by suppliers for switchgear and transformers in public procurement tenders. The cartel had 18 members, of which Siemens was the largest, and the Pakistan Electrical Power Equipments Manufacturers Association the second-largest. Under the CCP’s leniency program, Siemens is exempt from fines and may have other penalties reduced by up to 100 percent.

Full content: Pakistan Today

 

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