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Japanese executive convicted in Myanmar for selling rice above set prices returns home

7 Comments
By Mari Yamaguchi

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7 Comments
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Aeon’s supermarkets in Japan are far pricier than many other stores.

Aeon’s excuse falls flat.

Not knowing the law is no defense against prosecution in any country:

Kasamatsu was involved in selling rice at double the price.

Bilking the less than wealthy Myanmarese consumer is extremely dishonorable

3 ( +4 / -1 )

Fix pricing is common business practice in Japan, just don't do that abroad.

https://news.bloomberglaw.com/antitrust/japans-biggest-property-insurers-are-penalized-for-price-fixing

1 ( +6 / -5 )

Hiroshi has been a very very naughty boy in Burma.

"Go to your room this instant, Hiroshi!"

Just joking!

Go to prison omeeh.

1 ( +2 / -1 )

I would have been on the next plane out of there

0 ( +0 / -0 )

Price fixing is a worldwide issue, full stop. Someone did not pay a bribe over there and the result be thrown in prison and send out a message to this company and other foreign countries operating in this Stalin country.

1 ( +2 / -1 )

As I understand it, he was not selling ordinary rice grown in Myanmar, but imported rice, (Japanese rice for example) which would naturally be more expensive, for customers wanting something different.

1 ( +2 / -1 )

From my understanding he took the fall for the company who is responsible for price setting and knowing export laws of companies they deal with

1 ( +1 / -0 )

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