Seventh Guilty Plea in Competition Bureau''s Investigation Involving Motor Vehicle Components
Japanese company fined $4.5 million for participating in bid-rigging conspiracy
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 12/11/14 -- Competition Bureau
Yamashita Rubber Co., Ltd. (Yamashita), a Japanese supplier of motor vehicle components, pleaded guilty today to two counts of bid-rigging under the Competition Act for its participation in an international bid-rigging conspiracy and was fined $4.5 million by the Ontario Superior Court of Justice (East Region).
The evidence shows that, between April 1, 2003 and December 31, 2009, Yamashita conspired with another Japanese supplier of motor vehicle components to rig bids for anti-vibration components and systems sold to Honda Motor Co., Ltd. (Honda) for cars manufactured in Canada.
To date, the Bureau''s investigation involving motor vehicle components has resulted in seven guilty pleas and over $56 million in fines imposed by the courts since April 2013.
Quick Facts
Quotes
"International companies who engage in bid-rigging that impacts the supply of auto parts to Canadian-based automobile manufacturers continue to be an enforcement priority for the Bureau. Yamashita chose to plead guilty and cooperate with authorities in Canada. This is another example of how the Bureau''s Leniency Program works to detect and combat cartel offences, whether criminal conduct is committed in Canada or abroad."
Matthew Boswell, Senior Deputy Commissioner of Competition
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- On August 20, 2014, was fined $2.45 million for rigging bids for body electronic control units.
- On February 20, 2014, Corporation was fined $4.7 million for rigging bids for certain types of switches and sensors.
- On January 30, 2014, was fined $4.5 million for rigging bids for automotive wheel hub unit bearings.
- On July 12, 2013, was fined $5 million for rigging bids for automotive wheel hub unit bearings.
- On April 18, 2013, was fined $30 million for rigging bids for wire harnesses.
- On April 4, 2013, Electric Co., Ltd. was fined $5 million for rigging bids for electrical boxes.
The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.
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819-997-4282 / Toll free: 1-800-348-5358
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Datum: 11.12.2014 - 11:33 Uhr
Sprache: Deutsch
News-ID 1324689
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