Bid-riggers sentenced

Premium Content

27 February 2008

Japan's Nagoya District Court has sentenced five ex–employees of five major construction companies to suspended prison terms for antitrust violations in a series of rigged bids for the Nagoya subway extension projects.

Masahiro Shibata, 71, a former adviser to Obayashi Corp's Nagoya branch, was sentenced to three years in prison, suspended for five years, for co–ordinating the bid rigging.

The four others at Kajima, Shimizu, Okumura and Maeda each received 18 months, suspended for three years, for conspiracy.

The court also imposed fines of YEN 200 million (US$ 1.7 million) on Obayashi and YEN 100 to 150 million (US$ 850000 to 1.3 million) each on the other four companies.

Latest News
New head of KHL’s Content Studio discusses how people make decisions on what to buy
Jon Abrahams describes why industry stalwarts and disruptors alike should consider adding content marketing to their business strategies
Crane Institute of America appoints L.D. Stutes as GM
Stutes enters this newly created position with 37 years of experience.