The Competition Commission of India (
) on Tuesday issued a final order against eight firms found to have indulged in cartelization in the supply of Axle Bearings to Eastern Railway by means of directly or indirectly determining prices, allocating tenders, coordinating bid prices and manipulating the bidding process.
The evidence included e-mails, call detail records, and statements of the representatives of the firms showing that the firms discussed quantity allocation with respect to the tenders of Indian Railways for the procurement of Axle Bearings amongst themselves, the commission said.
The vendors were found to have discussed the compensation mechanism in the event that some of them did not win the agreed quantities.
The CCI today issued a cease and desist order against the firms found guilty of bid rigging and cartelization.