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South Korea: SK Engineering and Construction accused of bid rigging

By  |  April 19, 2015

Seven executives of four construction firms were indicted without physical detention on charges of rigging bids in 2009 while participating in the Saemangeum land reclamation project in North Jeolla Province, said the prosecution Sunday.

The four companies affected are SK Engineering and Construction (E&C), Daewoo Engineering and Construction, KOLON Global, and GumGwang.

Additional to the seven people indicted, SK E&C was also accused of violating the fair competition rules, said the prosecution.

If found guilty, the accused executives are subject to prison terms of up to five years, and a fine will be imposed on SK E&C.

 

Full Content: The Korea Times

 

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