MyCC enforcement director Iskandar Ismail said the price-fixing cartels, bid riggers and others engaged in unethical business practices would be hit harder next year.
“Since 2013, we’ve been clamping down on mostly smaller companies but we are now focusing on big businesses,” he said at a training session for the media at a hotel here yesterday.
Iskandar said MyCC was now investigating seven pharmaceutical companies suspected of committing differential pricing and refusal to supply offences.
“It means that these businesses charge different prices to hospitals, clinics and pharmacies,” he told The Star.
He said the commission has also set its sights on several insurance companies for differential pricing offences in their car insurance schemes.
MyCC was set up in 2011 to ensure that businesses compete openly and fairly under the Competition Act.