Allegations of Bid Rigging in Bank of Korea Integrated Annex, Public Procurement Service Raided

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The prosecution conducted a search and seizure of the Public Procurement Service and construction companies over allegations of bid-rigging related to the construction of the Bank of Korea Integrated Annex building.

According to the Daejeon District Prosecutors' Office on the 3rd, the search and seizure was carried out at the office of the Facility Project Division of the Public Procurement Service in the Government Complex Daejeon on the same day.

It is reported that during the search and seizure, the prosecution secured work PCs and documents related to the construction bid from public officials suspected of breach of duty and other charges.

On the same day, the prosecution also conducted a search and seizure targeting the construction companies involved in the Bank of Korea Integrated Annex building project.

The search and seizure was conducted to investigate allegations of bid-rigging that surfaced during the 2019 Board of Audit and Inspection audit.

Previously, in December 2018, the Board of Audit and Inspection criticized the Public Procurement Service for selecting a construction company as the top contractor that submitted a bid 300 million KRW higher than the scheduled bid price of 282.9 billion KRW during the Bank of Korea Integrated Annex construction bidding.

The audit pointed out that the Public Procurement Service’s incorrect decision raised concerns about budget waste.

The Bank of Korea Integrated Annex is currently under construction with four basement floors and sixteen above-ground floors. Completion is scheduled for March next year.

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