Executives arrested for maglev bid-rigging
NHK -- Mar 03
Tokyo prosecutors have arrested current and former executives of 2 out of the 4 major contractors suspected of being involved in bid-rigging over a maglev train project.

Investigations are now under way over the massive project ordered by Central Japan Railway Company to build an ultra-high speed train link between Tokyo and Osaka. The project has received about 28 billion dollars in state loans. That's one third of the total construction cost.

The 4 contractors are Obayashi Corporation, Kajima Corporation, Shimizu Corporation and Taisei Corporation.

Officials from the Tokyo District Public Prosecutors Office arrested a former executive from Taisei and a current Kajima executive on Friday.

The 2 are suspected of colluding with officials from Obayashi and Shimizu in deciding the winners of orders for station-construction projects ahead of the bidding. The act is in violation of Japan's anti-monopoly law.

Both are denying the charges.

Sources close to the issue say officials at Obayashi and Shimizu have admitted to their involvement in bid-rigging.

News source: NHK
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