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Japanese companies raided over suspected bid rigging in condo repairs

By Sachiko Sakamaki ( March 5, 2025, 02:44 GMT | Insight) -- Around 20 Japanese companies involved in condominium repair and renovation work were raided by the country's antitrust regulator yesterday over suspected bid rigging. The companies include Haseko Reform, Sinyo and Nakamura Painting, which are alleged to have designated contract winners and price levels when condo owners in the greater Tokyo area sought multiple proposals or issued tenders for major repair work.Around 20 Japanese companies involved in condominium repair and renovation work were raided by the country's antitrust regulator yesterday over suspected bid rigging. ...

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