Obayashi, Shimizu construction companies fined $41 million for rigging tenders on Japan rail project
By Toko Sekiguchi ( December 22, 2020, 10:00 GMT | Insight) -- Japan’s top construction companies Obayashi Corp and Shimizu Corp were fined 4.3 billion yen ($41 million) today by the Japan Fair Trade Commission for rigging tenders for a national maglev train project, in a case the regulator deemed especially malicious given the scope and persistence of the industry’s collusive tendencies.Japan’s top construction companies Obayashi Corp and Shimizu Corp were fined 4.3 billion yen ($41 million) today by the Japan Fair Trade Commission for rigging tenders for a national maglev train project, in a case the regulator deemed especially malicious given the scope and the persistence of the industry’s collusive tendencies....
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