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Japan's Obayashi, Shimizu to be fined $41 million by JFTC for maglev bid rigging

By Toko Sekiguchi ( October 21, 2020, 06:56 GMT | Insight) -- Japan’s construction companies Obayashi Corp and Shimizu Corp will be fined a total of $41 million by the Japan Fair Trade Commission for their involvement in rigging bids for a national maglev train project, MLex has learned. The two companies, along with Taisei Corp and Kajima corp will also be issued cease-and-desist orders from the JFTC.Japan’s construction companies Obayashi Corp and Shimizu Corp will be fined a total of 4.3 billion yen (US $41 million) by the Japan Fair Trade Commission for their involvement in rigging bids for a national maglev train project, MLex has learned....

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