11 Hrs
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بوابة الفجر
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Agency refers 5 firms over collusion at Alexandria Univ
The Competition and Monopoly Control Authority has referred five companies to the Public Prosecution for engaging in collusion during contractual processes at Alexandria University. The investigation revealed that these companies coordinated in advance to determine the winning bidder for the supply of electronic devices and correction papers. The findings indicate that their coordination resulted in a violation of Law No. 3 of 2005 on Competition Protection, which prohibits anti-competitive agreements in the market. Such practices pose significant risks, as they could lead to a rise in government procurement prices by up to 50%, thereby harming the public budget and national interests. The authority emphasizes the importance of cooperation among relevant entities to curb these practices and promote a fair competitive environment.
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