World Bank debars Pakistani firms over power contracts collusion

Three companies have been debarred for engaging in collusive practices when bidding for contracts under a power project financed by the World Bank in Pakistan. Lahore-based Pak Elektron Limited (PEL), its affiliates PEL Marketing Limited and Kohinoor Power Company Limited and Abdul Waheed Butt are ineligible to participate in World Bank-financed projects for 33 months. […]

BP and Shell offices raided over alleged price-fixing

Oil giants BP and Shell saw their offices raided yesterday after allegations of collusion over price fixing over the last 10 years. The European Commission confirmed officials carried out “unannounced inspections” at the premises of those companies active in and providing services to the crude oil, refined oil products and biofuel sectors. The Commission did […]