Japanese Auto Cable Cos. Hit With $170M In Cartel Fines

Law360, New York (January 19, 2012, 5:59 PM EST) -- Japan's antitrust regulator said Thursday it would assess fines of nearly $170 million on a group of automobile parts companies accused of arranging a bid-rigging conspiracy in the sales of automotive wire harness equipment.

The Japan Fair Trade Commission announced that it had issued cease-and-desist orders and surcharge payment orders against three manufacturers of the electrical wiring cable, who allegedly violated the country's Antimonopoly Act by working together to restrain competition in the industry through the coordination of bids for several Japanese automobile company purchasers....
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