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Page last updated at 09:30 GMT, Tuesday, 22 September 2009 10:30 UK

Building companies fined £129.5m

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The UK's competition watchdog has imposed massive fines on more than 100 construction firms after an investigation into illegal "bid-rigging".

The Office of Fair Trading has fined 103 construction firms a total of £129.5m.

Several major companies, including Balfour Beatty and Carillion, are among those accused of colluding with competitors on building contracts.

The OFT said it had detected bid-rigging activities on projects across England worth more than £200m including schools, hospitals and apartment blocks.

Jon Moylan reports.

READ MORE Building companies fined £129.5m

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