A PYMNTS Company

Japan: Widespread bid-rigging probe leads to reported raids of 50 power companies

By  |  November 28, 2012
Japan: Widespread bid-rigging probe leads to reported raids of 50 power companies

About 50 companies have been searched by the Japan Fair Trade Commission in its widespread investigation into alleged bid-rigging taking place in power companies. The probe is to determine whether the power companies, which include Kinden Corp and Kansai Electric Power Co., rigged bids in the process of selling contracts for construction work and maintenance checks of cables and towers. Sources say that the companies being investigated predetermined the winners of contracts for maintenance and construction projects for several years, doing so through meetings with the winning bidders prior to the actual bidding.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Daily Yomiuri Online

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.