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Bid riggers fined, avoid prison A court ordered construction companies Nov. 10 to pay a total of ¥6.48 billion in fines after being found guilty in a bid-rigging scandal involving public bridge-building contracts. The Tokyo High Court ordered 23 companies to pay the fines for violating the Anti-monopoly Law. Prosecutors filed charges last year against 26 companies and several executives for allegedly colluding to divvy up 180 contracts worth a total of ¥71 billion in fiscal 2003 and 2004. The court has yet to rule on three other companies.
The Japan Times Weekly: Nov. 18, 2006 |
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