Effective leniency programme needed to combat bid rigging in Malaysia
EFFECTIVE leniency programmes may hold the key to resolving long-standing cartel issues in Malaysia, which are plaguing transparent business bidding processes in both public and private projects. A leniency programme is recognised by anti-competition experts as the most important investigative tool to detect cartel activities, where an individual or company confesses that they have participated in price fixing and bid rigging and provides full disclosure to the authorities, for which they may receive full or partial immunity from financial penalties in return.
Source: theedgemarkets.com
