Japanese Companies Refuse To Pay Bid-Rigging Fines

Law360, New York (October 2, 2006, 12:00 AM EDT) -- Four Japanese companies accused of bid-rigging have refused to pay the penalties levied against them, arguing that they did not engage in illegal activity.

Ishikawajima-Harima Heavy Industries Co., Sumitomo Heavy Industries Ltd., Mitsui Engineering & Shipbuilding Co. and Sanoyas Hishino Meisho Corp. were fined a total of ¥330 million by four entities created by the break-up of the Japan Highway Public Corp.

The entities—East Nippon, Central Nippon and West Nippon expressway companies, together with the Japan Expressway Holding and Debt Repayment Agency—alleged that the companies, along...
To view the full article, register now.