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CCI issues order against Public Sector Insurance Companies for Bid Rigging

Dated:- 17-7-2015 - The Competition Commission of India(CCI)has imposed a total penalty of ₹ 671.05 crores upon 4 Public Sector Insurance Companies for manipulating the bidding process initiated by Government of Kerala for selecting insurance service provider for Rashtriya Swasthya BimaYojna for the years 2010-11, 2011-12 and 2012-13. The final order was passed by CCI on 10.7.15 in a matter which was taken up suo moto pursuant to an anonymous information received by the Commission under se .....

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