Alan Sugar falls victim to building scam

Alan Sugar falls victim to building scam



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It has been reported that Alan Sugar's property firm, Amsprop, has been named as one of the companies implicated in the recent price-fixing scam by builders.

The Office of Fair Trading (OFT) imposed fines totalling £129.5 million on 103 construction companies for colluding with competitors on building contracts, in a practice referred to as bid-rigging.

Amsprop was allegedly one of the firms given misleading quotes by contractors bidding to undertake a costly refurbishment of Dover Street Market in Mayfair, London.

The scam affected building projects across the UK worth over £200 million, including public buildings such as schools, universities and hospitals, as well as private projects.
 
The OFT's senior director on the case, Simon Williams, said: "Bidding processes designed to ensure clients and, in many cases, taxpayers receive the best possible choice and price were distorted, creating a real risk of increased prices."

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