Pakistan, July 22 -- The Competition Commission of Pakistan (CCP) teams have raided the offices of four suppliers involved in the provision of transformer reclamation materials to various power distribution companies (DISCOs).

The raids were carried out simultaneously in Lahore and Gujranwala.

These companies are suspected of being part of a cartel that manipulated bidding processes for transformer-related tenders.

The CCP launched the raids as part of an ongoing enquiry into bid rigging practices in DISCO procurement.

The enquiry was initiated after LESCO raised concerns with the CCP regarding identical bids submitted by various suppliers. A review of bidding data revealed that the companies often quoted identical prices and appeared...