Macro Garden Fire Independent Committee Proposes Dual Criminal and Civil Regime to Tackle Bid-Rigging

The report of the independent committee on the Macro Garden fire recommends adopting a dual criminal and civil regime to tackle bid-rigging and considering raising the maximum civil fine for bid-rigging. The report also recommends strengthening verification of the authenticity of proxy votes and requiring management committee members and property management staff involved in projects to make statutory declarations declaring monetary and personal interest relationships with contractors. The committee also recommends establishing a steering committee led by an official at the level of director or deputy director to continuously monitor the effectiveness of reforms.