crime

2 firms fined Y380 mil over maglev bid-rigging

23 Comments
By Toru Yamanaka

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© 2018 AFP

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23 Comments
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Dont just fine them, kick them off the job and prosecute the individuals responsible on fraud charges.

12 ( +13 / -1 )

Finally they have nailed two of them. The story of these four firms and their quango dango has been going on for so many years now.

6 ( +6 / -0 )

This is standard business practice in Japan, what made this case different from all the others? No deep bow and one old scapegoat retires.... Good news though

6 ( +7 / -1 )

More like.... "heck yeah" we'll accept this ruling.... we'll still make 100 times more than they're fining us.

6 ( +6 / -0 )

Corruption in corporate Japan?! I'm so shocked that I'm almost unable to type.

Seriously, wake me up when there's real news.

9 ( +9 / -0 )

Ineffective punishment it seems. How much are each of their contracts worth? Are the contracts cancelled? Prosecutions? They should be banned from bidding on any government contracts for several years. Frickin crooks.

6 ( +6 / -0 )

This is peanuts and a laugh to Japanese construction companies that make money hand over fist.

4 ( +4 / -0 )

They should have their fraudulently obtained contracts revoked and the contracts should be given to more scrupulous companies - If there are any scrupulous construction companies left in Japan.

5 ( +5 / -0 )

i'm sure the fine will be equal to less than 1% of the profit these two companies will earn on this construction project. thanks for using our money wisely, japan. such a joke.

4 ( +4 / -0 )

This corruption is getting trendy. How poor vision decades ago have taken their toll on Japan today. Sad. Very. When the future halves & foreigners start taking their place on top management, what tradition will they follow?

3 ( +3 / -0 )

Corruption in japan? Color me shocked (galaxy-wide sarcasm)

3 ( +3 / -0 )

Wow! 230 Million? That's like... what percent of 9 TRILLION? When there are virtually no penalties in Japan for this kind of thing -- and this is not a penalty -- is it any wonder we hear about this on a near daily basis? Don't just fine these guys, take away their contract with no money back, and award it to a company not involved in bid rigging. Furthermore, the companies involved in bid-rigging should lose their licences for a minimum of one year, and the threat of permanent revoking if caught again.

But this is Japan, and that would set a precedent that companies, including the government, would have to then follow instead of just vowing, bowing, and doing it again.

4 ( +5 / -1 )

Wow! The three top stories today are, political corruption, corporate fraud in the construction industry and enrollment bias in universities. The Japanese honorable culture of ‘bushido’ has become ‘bullshido’.

8 ( +8 / -0 )

I bet they're still in the 500 going to China with Abe though.

4 ( +4 / -0 )

Japanese construction companies colluding on pricing and rigging bids? Pffff.... Japanese construction companies collude to create and rig half the darn requests for proposals before they even hit the street.

How do you think all those roads to nowhere snaking through the mountains and concrete-lined mountain streams got built?

5 ( +5 / -0 )

Ah! would the government start being accountable to the people and use the taxes to fund services for the people not corporate "friends". Only then will Japan become a respected democracy.

5 ( +5 / -0 )

Those fines are nothing compared to the size of the profit they would have earned. More like a tax for them.

3 ( +3 / -0 )

These companies have bought and sold more politicians than they've laid miles of track...

2 ( +2 / -0 )

Can the PM & his gov't survive without its corruption?

2 ( +2 / -0 )

The whole project is stupid, particularly as it'll further damage Japan's mountain and rural environment in a big way. Perhaps they could use more or less the same route as the Tokaido Shinkansen, and construct MAGLEV in stages along it? Surely that will still be fast enough for most of us?

0 ( +1 / -1 )

Nice. Graft on top of the expense of a train system Japan doesn't need.

0 ( +1 / -1 )

The Japan Fair Trade Commission...

Haha! I didn't even know they had one...!

1 ( +1 / -0 )

Well this is "business Japan" as the locals say. Not really what you know or even who you know but rather how much yen you can stuff in a brown evelope.

1 ( +1 / -0 )

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