Listed technology group Altron says an independent investigation into 2014 tender process confirms its adherence to due process.<\/p>\n
The group announced in December 2017 that the Competition Commission was investigating three Altron subsidiaries, together with 12 other businesses, with respect to the award of the Digital Terrestrial Television (DTT) Set-Top Box tender issued by the South African Government in 2014.<\/p>\n
Altech UEC, one of the Altron subsidiaries referred to, responded to the DTT tender in 2014, but was ultimately unsuccessful in its bid to secure the tender.<\/p>\n
Subsequent to the Competition Commission inquiry, Altron said it appointed Bowmans, an external legal firm, to conduct an independent investigation into the allegations.<\/p>\n
“Bowmans has subsequently finalised its investigation into the Altron subsidiaries\u2019 alleged collusion in the award of the DTT tender and has concluded that in their opinion there was no anti-competitive conduct on the part of these entitles, particularly with regard to tender collusion and\/or price fixing.<\/p>\n
“The Altron Board is satisfied with this finding and again confirms that Altron obeys the laws and regulations of all countries in which it operates and remains committed to uncompromising ethical business practices through stringent corporate governance,” the group said in a statement on Thursday.<\/p>\n