High Court upholds MyCC decision against MyEG

: The High Court of has upheld the decision of the Competition Commission (MyCC) against MY EG Services Bhd and MYEG Commerce Sdn Bhd (collectively referred to as MyEG) under section 10(2)(d)(iii) of the Competition Act 2010 for abusing its dominant position.

In dismissing the judicial review application by MyEG, High Court Judge Datuk Azizah Nawawi had agreed with the Competition Appeal Tribunal’s findings which reaffirmed MyCC’s decision that MyEG had abused its dominant position by imposing different conditions in equivalent transactions in the purchase of mandatory insurances for the renewal of the Pas Lawatan (Kerja Sementara) (PLKS) for foreign workers.

“Consequently, MyEG was ordered to pay a penalty of RM9.337 million in total for such infringement, which includes a penalty of RM307,200 and daily penalties from Oct 7, 2015 to Jan 22, 2019 amounting to RM9.030 million.

“MyEG is still liable for a daily penalty of RM7,500 per day until they comply with the directives imposed by MyCC in its decision,” MyCC said in a statement yesterday.

MyCC chief executive officer Iskandar Ismail said the case was a testament to MyCC’s commitment, without fear or favour, to take stern action against abusive monopoly or dominant players in the market.

“We will continue to support the government to ensure the market is free from any harmful or wasteful monopoly,” he added. — Bernama

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Source: Borneo Post Online

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