NEW DELHI: The Competition Commission of India (CCI) 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 (now known as Planetcast Media Services) and Globecast was Rs 319.4 milliuon and Rs 13.3 million respectively, which is 1.5 times their profit during this time period.