103 Firms Fined for Rigging Contracts

Summary


SOUTH West construction firms are among those which have been hit with fines after illegally rigging contracts at the expense of the taxpayer.

The Office of Fair Trading (OFT) issued penalties to 103 companies worth a total of Pounds 129.5 million after an investigation into bid-rigging in England, but warned the practice had been "endemic" in the industry.

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Extract


103 Firms Fined for Rigging Contracts

It said companies colluded with competitors on building contracts and this meant customers were at risk of being overcharged.

The biggest fine...

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