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Colombia: SIC fines Bureau Veritas and Tecnicontrol over bid-rigging violation

By  |  July 3, 2018

The Superintendence of Industry and Commerce has fined Bureau Veritas Colombia and Tecnicontrol, as well as their legal representatives, after accusing them of violating free competition rules in the tender process held by Ecopetrol.

The companies “simulated or pretended to be competing companies in the bidding, when in fact they acted in a coordinated and concerted manner for the benefit of the Bureau Group, to which both companies belonged …” the authority remarked.

The bidding before Ecopetrol amounted to contract of $27 billion Colombian pesos (approximately US$9.2 million) for providing services including supervision in matters of safety, occupational health and environmental consulting.

Full Content: W Radio

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