A PYMNTS Company

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: Pakistan Today

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

     

    Related content: How To Catch A Thief — Corporate Leniency And The Irrepressible Challenge Of Cartel Detection; Finding A Better Way (Gordon Schnell & Rick Dumas-Eymard, Constantine Cannon)