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.
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.
Featured News
UK Regulator Proposes State-Backed Formula to Lower Baby Formula Costs
Nov 10, 2024 by
CPI
Justice Department Probes Alleged Price-Fixing in PVC Pipe Industry
Nov 10, 2024 by
CPI
US Imposes Ban on TSMC’s Advanced Chip Exports to China Amid AI Concerns
Nov 10, 2024 by
CPI
Vanderbilt QB Sues NCAA Over Junior College Eligibility Rules
Nov 10, 2024 by
CPI
Trump’s Transition Team Prepares to Reshape FTC Leadership and Antitrust Agenda
Nov 10, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Remedies Revisited
Oct 30, 2024 by
CPI
Fixing the Fix: Updating Policy on Merger Remedies
Oct 30, 2024 by
CPI
Methodology Matters: The 2017 FTC Remedies Study
Oct 30, 2024 by
CPI
U.S. v. AT&T: Five Lessons for Vertical Merger Enforcement
Oct 30, 2024 by
CPI
The Search for Antitrust Remedies in Tech Leads Beyond Antitrust
Oct 30, 2024 by
CPI