Penalties Imposed on Hong Kong Firms for Covid-19 Bid-Rigging Scheme

Friday, 7 June 2024, 14:48

In a significant development, two Hong Kong firms and a director have been fined a total of HK$1.31 million for bid-rigging involving a Covid-19 relief programme. This marks the first instance of penalties for bid manipulation within the context of pandemic aid, highlighting the importance of fair practices in emergency response efforts.

https://store.livarava.com/3c0cfc87-24dd-11ef-a412-9d5fa15a64d8.jpg — Penalties Imposed on Hong Kong Firms for Covid-19 Bid-Rigging Scheme

Penalties for Bid-Rigging

The penalties are the first imposed for manipulation of bids for a Covid-19 relief programme.

IT Changes for Pandemic Aid

The scheme involved IT changes aimed at assisting businesses to operate during pandemic restrictions.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.