A PYMNTS Company

Turkey: Proposed amendment could encourage bid-rigging, say critics

By  |  April 1, 2013

A proposed amendment to lower bid-rigging penalties has drawn major fire from Turkish lawyers who argue the punishments would be insufficient and may fail to deter bid-riggers, possibly even increasing the frequency of the scheme. The amendment was proposed in the fourth judicial reform package, say reports, and will amend Turkish Penal Code 235. The package was put forth from the Republican People’s Party. Under current legislation, bid-rigging results in a five-to-twelve year sentence in prison. The revisions would reduce that sentence from three-to-seven years. The parliamentary Justice Commission approved the package last Friday.

    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.

     

    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

    Full Content: World Bulletin

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.