Notice of Appeal by Gold Sun Motor Vehicle Charter & Rental and Auto & Carriage Engineering on CCS Infringement Decision against Bid Rigging by Motor Vehicle Traders at Public Auctions of Motor Vehicles
Appeal Numbers: |
3/2013 and 4/2013 |
Appellants : |
1. Gold Sun Motor Vehicle Charter & Rental
2. Auto & Carriage Engineering |
Date Received: |
Notice of Appeal received on 23 September 2013 |
Summary of CCS Decision that Appeal Relates: |
On 28 March 2013, the Competition Commission of Singapore (CCS) issued an Infringement Decision against 12 motor vehicle traders for contravening Section 34 of the Competition Act (Cap.50B) (the "Act"), by engaging in an anti-competitive agreement to suppress bids at public auctions of motor vehicles over a period of three years from January 2008 to March 2011.
CCS found that the Appellants together with 10 other undertakings had engaged in an agreement to bid-rig at public auctions of motor vehicles conducted by various government agencies.
The financial penalty imposed on the Appellants was S$8,000 each.
|
Relief Sought by Appellants |
Financial Penalty to be annulled. |