Darthrevan Supercharged September 6, 2012 Share September 6, 2012 The Competition Commission of Singapore (CCS) is taking 13 motor vehicle traders to task for anti-competitive actions. In a statement on Thursday afternoon, the Commission accused the traders of contravening the Competition Act. The group was said to have engaged in an anti-competitive agreement to suppress bids at public auctions of motor vehicles. The CCS said that the infringing conduct involved bid-rigging through an agreement to suppress bids at these auctions, which has the "object of preventing, restricting or distorting competition". Source: http://www.straitstimes.com/breaking-news/...ctions-20120906 ↡ Advertisement Link to post Share on other sites More sharing options...
Jerrcik 1st Gear September 6, 2012 Share September 6, 2012 Another one of the Captain Obvious's Case which took donkey years for the government to realize and take action. Link to post Share on other sites More sharing options...
Yeshe Turbocharged September 6, 2012 Share September 6, 2012 Another one of the Captain Obvious's Case which took donkey years for the government to realize and take action. Somehow petrol prices are not Link to post Share on other sites More sharing options...
Elfenstar 3rd Gear September 6, 2012 Share September 6, 2012 Somehow petrol prices are not No proof is the issue. They need a whistleblower on the inside. I asked them before when they investigated my former company. Link to post Share on other sites More sharing options...
Vid Hypersonic September 6, 2012 Share September 6, 2012 No proof is the issue. They need a whistleblower on the inside. I asked them before when they investigated my former company. Should I apply to work at Shell and then whistleblow the obvious from the inside? Link to post Share on other sites More sharing options...
Hamburger Hypersonic September 6, 2012 Share September 6, 2012 wayang............. Link to post Share on other sites More sharing options...
CH_CO 6th Gear September 6, 2012 Share September 6, 2012 one doesn't pay as much tax as the other , would u break your own rice bowl? Link to post Share on other sites More sharing options...
Warthog Clutched September 6, 2012 Share September 6, 2012 If you work for Shell, life would be so good that you wouldn't consider whistle-blowing option. Back to the thread, how do you rig a public auction when there are defintiely more than 13 participants. If it is rigged, others who are not in the cartel would grab the cars at artificially manipulated low price. Unless this auction is only open to the 13 participants. Link to post Share on other sites More sharing options...
Elfenstar 3rd Gear September 6, 2012 Share September 6, 2012 Should I apply to work at Shell and then whistleblow the obvious from the inside? Warthog is probably right but sure, give it a go Link to post Share on other sites More sharing options...
Vid Hypersonic September 6, 2012 Share September 6, 2012 If you work for Shell, life would be so good that you wouldn't consider whistle-blowing option. Back to the thread, how do you rig a public auction when there are defintiely more than 13 participants. If it is rigged, others who are not in the cartel would grab the cars at artificially manipulated low price. Unless this auction is only open to the 13 participants. Oh man... you are so right! I would be sitting on millions! I should apply to Shell anyway [laugh] Link to post Share on other sites More sharing options...
Vid Hypersonic September 6, 2012 Share September 6, 2012 Warthog is probably right but sure, give it a go Yes, busy writing my CV. If I got in, I'll probably have to sever ties with all the bros here in MCF and count my millions Link to post Share on other sites More sharing options...
Tayspiderx 3rd Gear September 6, 2012 Share September 6, 2012 Din see how its a breaking news...no details on the 13 parties involved somemore Link to post Share on other sites More sharing options...
Watwheels Supersonic September 7, 2012 Share September 7, 2012 If you have been to any auction you will find that more or less the whole thing is rigged in some way. Especially the host doing the auction. Many times I suspect they sent in ppl into the bidding crowd to "jack up" prices when they are too low or too few interested parties. They will start raising their bids furiously to compete with the one or two interested in the item. If their own ppl won the bid, in the next auction you will see the same item floating around waiting for ppl to bid. When ppl notice this kinda thing happening the bidders are not stupid if they are regulars. It's not surprising they will "gang up" and play against such "games". Maybe the host buay tahan blow his own whistle to expose these bidders cos they are not making money. Self-pwned in some way if you ask me. That's why to me anything that has a bidding system is seriously flawed coz the host can always manipulate or control & rigged the situation. I also dun trust our car selling system to be "fair" and "transparent". Link to post Share on other sites More sharing options...
Warthog Clutched September 7, 2012 Share September 7, 2012 Yes, busy writing my CV. If I got in, I'll probably have to sever ties with all the bros here in MCF and count my millions Remember to pull us in too. I PROMISE I will behave (no whistle-blowing). Link to post Share on other sites More sharing options...
Chucky2007 Turbocharged September 7, 2012 Share September 7, 2012 Maybe this 13 traders collaborated to bring down the COE price? That's why CAT B is around 80k now? What good would it serve the car traders when COE is high? Maybe they are our heroes but they caused LTA to make lesser? Dun always assume rigging of prices I'd to move price up... Link to post Share on other sites More sharing options...
Vid Hypersonic September 7, 2012 Share September 7, 2012 Remember to pull us in too. I PROMISE I will behave (no whistle-blowing). Ok bro! I can't finish spending all the milions anyway. [laugh] Link to post Share on other sites More sharing options...
AbdulHudaifah Neutral Newbie September 8, 2012 Share September 8, 2012 (edited) Maybe this 13 traders collaborated to bring down the COE price? That's why CAT B is around 80k now? What good would it serve the car traders when COE is high? Maybe they are our heroes but they caused LTA to make lesser? Dun always assume rigging of prices I'd to move price up... we need the 13 warriors to suppress the evil tyrant from robbing the people with coe Edited September 8, 2012 by AbdulHudaifah ↡ Advertisement Link to post Share on other sites More sharing options...
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