Order against Medical Equipment Suppliers imposing a penalty of about Rs.3.01 crore.

Press Information Bureau
Government of India
Ministry of Corporate Affairs

18-April-2012 16:49 IST

The Competition Commission of India has found three parties namely, M/s PES Installation Private Limited, M/s MDD Medical Systems Private Limited & M/s Medical Products Services in contravention of provisions of the Competition Act for their collusive acts in supply of medical equipments to Sports Injury Centre (SIC), Safdarjung Hospital, New Delhi. The Commission has observed that bid rigging is a measure drain on the exchequer raising the cost of procurement for the Government. Taking into account the anticompetitive acts of these parties, the Commission imposed penalty@ 5% on the average turnover of 3 years aggregating to about Rs.3.01 crore on them.

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