CCI Raids 4 companies accused of rigging bids for FCI tarpaulin

NEW DELHI: The investigation arm of Competition Commission of India raided the premises of four companies for allegedly colluding to rig bids for tarpaulin sold to the Food Corporation of India, a person aware of the details told ET. Climax Synthetics Private Ltd, Shivalik Agro Poly Products Ltd, Arun Manufacturing Services Private Ltd and Bag Poly International Ltd were raided.

The raid, conducted across five cities, was the second case involving public procurement. A similar exercise was carried out in July on French firm Mersen over alleged collusion in pricing equipment sold to Indian Railways. Officials found email and WhatsApp communication between key managerial personnel arranging meetings to allegedly set prices and quantities of tarpaulin to be offered for sale in tenders by FCI and state food corporations, according to a person aware of development. They said this indicated collusion.