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Shimizu subsidiary in Japan investigated for antitrust violations over condominium repairs

( March 31, 2025, 01:28 GMT | Official Statement) -- MLex Summary: Shimizu BLC, a subsidiary of the leading Japanese construction company Shimizu, announced today that it is under investigation by the Japan Fair Trade Commission over receiving orders for large condominium repair and renovation projects. The Tokyo-based company said that it takes the investigation seriously and will fully cooperate with the authorities. Earlier this month, the JFTC conducted onsite inspections at approximately 20 companies due to suspicions of bid rigging related to condominium-repair work.The statement by Shimizu BLC, in Japanese, is attached; and a statement by Shimizu follows: ...

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