S. Africa Urges Contractors To Cop To Bid-Rigging

Law360, New York (February 1, 2011, 12:09 PM EST) -- South African antitrust officials launched a fast-track settlement process Tuesday to handle the 65 bid-rigging investigations it has opened into construction contracts worth a total of 29 billion rand ($4.1 billion).

The country's Competition Commission urged construction companies that have engaged in collusive bidding practices to make a full disclosure in exchange for a reduced administrative penalty. Companies must also agree to cooperate with the ongoing investigation and to end the anti-competitive behavior.

The watchdog said Tuesday that an industrywide probe had turned up widespread collusion...
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