The Indian Competition Authority grants a 75% reduction in penalty after applying the leniency program in a cartel case relating to the railway sector(Pyramid Electronics)

Introduction The Competition Commission of India (CCI) in the first ever decision involving leniency in a cartel case (Suo Moto Case No. 03 of 2014 – In Re: Cartelization in respect of tenders floated by Indian Railways for supply of Brushless DC Fans and other electrical items), published on 19 January 2017, granted a 75% reduction in penalty to M/s Pyramid Electronics (Pyramid), after it confessed to being part of a bid rigging cartel in violation of Section 3(3)(d) of the Competition Act, 2002 (Competition Act). Background The case was initiated based on an information received by the CCI from the Central Bureau of Investigation, alleging cartelisation among three firms, namely Pyramid, M/s R. Kanwar Electricals (Kanwar) and M/s Western Electric and Trading Company (Western)

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Naval Satarawala Chopra, Shweta Shroff Chopra, Pallavi Shroff, The Indian Competition Authority grants a 75% reduction in penalty after applying the leniency program in a cartel case relating to the railway sector(Pyramid Electronics), 18 janvier 2017, e-Competitions January 2017, Art. N° 82705

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