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Alexandria Uni refers 5 firms to prosecution
The Competition Protection and Anti-Monopoly Authority has decided to refer five companies to the Public Prosecutor's Office after it was proven that they colluded in contractual dealings with Alexandria University for the supply of electronic correction devices and papers. It was revealed that there was a prior agreement among them to determine which companies would win the tenders. This constitutes a violation of Law No. 3 of 2005 on Competition Protection. Such collusion hampers competition and leads to an increase in public procurement prices by up to 50%, harming the public interest and the state's overall budget. The relevant authorities emphasized the importance of cooperation with concerned parties to uncover and address collusive practices, and urged for the prompt reporting of any such violations to promote a fair and competitive market environment.
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