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Mexico Watchdog Fines Companies For Colluding In Tenders For Services For Lab Tests

By  |  August 10, 2020

Mexico’s competition commission determined that 11 companies coordinated their bids or abstained from bidding in several tenders convened by both public health institutions to the detriment of the treasury and affiliates.

The conducts generated a damage to the treasury amounting at least one thousand 200 million Mexican Pesos due to the payment of overprices by IMSS and ISSSTE to the sanctioned companies.

COFECE fined the involved economic agents a total of 626 million 456 thousand Mexican pesos.

The conducts generated a damage to the treasury amounting at least one thousand 200 million Mexican Pesos due to the payment of overprices by IMSS and ISSSTE to the sanctioned companies.

COFECE fined the involved economic agents a total of 626 million 456 thousand Mexican pesos.

The aforementioned constitutes an absolute monopolistic practice, sanctioned by the Federal Economic Competition Law, by being arrangements and information exchanges between competing economic agents, with the purpose and/or effect of coordinating bids in public tenders.

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