Fight back against the cartel culture One of 14 individual linked with ‘Nicky Gang’ – Bernama
The news in early April this year regarding the existence of a cartel/syndicate that had been monopolising government procurement contracts is yet again a grim reminder of how deeply rooted the culture of corruption is in our society.
The modus operandi of the cartel was to deploy some 150 companies under its control as cover for submitting tender bids to ministries and agencies.
In other words, the sheer number of companies submitting the bids gave the illusion of unrelated bidders.
At the same time, the tactic of submitting differential price tags but approximating the “ceiling price” (maximum price the ministry or agency was willing to pay) was aimed at “cornering the market”, i.e., pricing out their competitors.