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Bid rigging is a fraudulent scheme in a procurement action which enables companies to submit non-competitive bids. It can be performed by corrupt officials, by firms in an orchestrated act of collusion , or by officials and firms acting together.
The Nepal official later leaked a confidential draft request for proposal (RFP) to Sharma before it went public as part of a bid-rigging scheme, authorities said.
A North Haven insulation contractor who pleaded guilty in 2020 to bid-rigging and fraud was sentenced this week to a year and a day in prison, and he and his company must pay more than $1 million ...
The case involved the bid system for Aldi construction projects in southern Illinois and Missouri. Breese contractor and Aldi executive sentenced in bid-rigging and kickback scheme Skip to main ...
The list includes several publicly listed companies, including Balfour Beatty, Kier Group and Carillion, with 80 of the firms have already admitted participating in some form of bid-rigging, or have applied for leniency in return for assisting the OFT. The allegations centre around "cover pricing", in which firms secretly agreed the prices they ...
In December 2011, the SEC filed the final two actions in a series of cases in a wide-ranging complex bid-rigging scheme involving several financial firms related to the reinvestment of proceeds from the sale of municipal securities.
The former director of the Chatham County Housing Authority was sentenced to 2 1/2 years in prison Wednesday for a bid-rigging scheme that awarded contracts to friends and relatives and paid out ...
Operation Bid Rig was a long-term investigation into political corruption in New Jersey conducted by the Federal Bureau of Investigation, the Internal Revenue Service, and the United States Attorney for the District of New Jersey from 2002 to 2014. [1]