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December 20, 2017

Japan maglev contractors raided in bid rigging probe

  • Joint ventures led by four huge contractors are alleged to have colluded to coordinate bidding and ensure each won a similar share of contracts.
    • By ELAINE KURTENBACH
    AP Business Writer

    TOKYO — Prosecutors have raided the headquarters of four of Japan's biggest construction companies, investigating alleged collusion on bids for a multibillion dollar maglev railway that Prime Minister Shinzo Abe's government has backed as a showcase project.

    TV news reports Tuesday showed dark-suited investigators from the Tokyo District Public Prosecutors Office heading into the headquarters of Taisei Corp. and Obayashi Corp., two of four companies targeted in the probe.


     
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