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Japan: Bullet train contractors arrested over bid-rigging

 |  March 4, 2018

Tokyo prosecutors arrested executives from two of four major Japanese contractors suspected of involvement in bid rigging for construction work on the Tokyo-Osaka maglev train link, according to Reuters.

Tokyo prosecutors arrested former Taisei managing director Takashi Okawa, 67, and Kajima’s division manager Ichiro Osawa, 60, on suspicion of breaching antitrust regulations.

The Tokyo prosecutors office said the two men were arrested on suspicion of colluding with Obayashi and Shimizu executives to illegally share orders for the project.

In separate statements, Kajima apologised for “causing concerns” and said it was cooperating with the investigation, while Taisei denied anti-trust laws had been violated.

Full Content: Reuters

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