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Brazil: Multinationals named in subway bid-rigging probe

By  |  March 23, 2014

Brazil antitrust authority CADE announced late last week that 18 companies are suspected of partaking in a bid-rigging cartel that affected the nation’s subways and railways between 1998 and 2013, say reports.

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    The companies named include Japan’s Mitsui & Co., Germany’s Siemens and France’s Alstom.

    Reports say each company will be questioned as individuals; those found guilty of bid-rigging will be banned from any public tenders for the next five years.

    Full Content: The Japan News

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