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The Competition Commission of India (CCI) has imposed a penalty of ₹23 crore on two companies for rigging bids in tenders for sports broadcasters.
The CCI said it has imposed penalties on Globecast and Essel Shyam Communication Ltd (ESCL) for indulging in bid-rigging in tenders floated by sports broadcasters for procurement of end-to-end broadcasting services between July 2011 and May 2012, including for Indian Premier League 2012.
According to an official statement, the initial penalty levied on ESCL and Globecast was ₹31.94 crore and ₹1.33 crore respectively, which is 1.5 times their profit during this time period.
Additionally, the penalty levied by CCI on officials of Globecast and ESCL was computed at the rate of 10 per cent of the average of their income for the preceding three years.
SALPG faces penalty
The CCI has also imposed penalty of ₹19 crore on South Asia LPG Co Pvt Ltd (SALPG) for abuse of dominant position in terminaling services provided at Visakhapatnam port.
SALPG was penalised for mandating the use of its cavern services for those who wished to avail other related services at the port. Oil companies typically use storage services at ports, offered by companies such as SALPG, while offloading and processing their imports.
SALPG was accused of mandating the use of its cavern by East India Petroleum Pvt Ltd for using its blender. This resulted in the latter paying significant charges to SALPG.
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