The Ontario Superior Court of Justice issued a multi-million dollar fine on Japan-based manufacturer Panasonic for its alleged involvement in a bid-rigging scheme, say reports.
Canada’s Competition Bureau announced Thursday that the company colluded with a competitor of auto parts manufacturers to rig bidding for Toyota Canada deals. The company was ordered to pay $4.7 million, say reports.
Reports say the firms fixed the bidding by deciding ahead of time who would win the contracts up for auction. Toyota was not accused of any wrongdoing.
Full Content: Global Post
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