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Kansai Electric to avoid antitrust fine in Japanese electric-power cartel, official suggests

By Sachiko Sakamaki ( December 7, 2022, 07:15 GMT | Insight) -- A senior official at the Japanese competition enforcer told reporters today that the Japan Fair Trade Commission hasn’t sent a draft fine-payment order to Kansai Electric Power, unlike three other utilities in western Japan, suggesting that the Osaka-based company self-reported its wrongdoing under the leniency program and is set to avoid an antitrust fine. He also commented on the criminal antitrust investigation against Japan’s largest advertisement agency Dentsu and other companies involved in Olympic events, during a press conference today. A senior official at the Japanese competition enforcer told reporters today that the Japan Fair Trade Commission hasn’t sent a draft fine-payment order to Kansai Electric Power, unlike three other utilities in western Japan, suggesting that the Osaka-based company self-reported its wrongdoing under the leniency program and is set to avoid an antitrust fine....

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