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Ontario court fines Mitsubishi Electric $13.4M for rigging bids for car parts

821 views 1 reply 2 participants last post by  Neanderthal 
#1 ·
http://www.ctvnews.ca/autos/ontario...3-4m-for-rigging-bids-for-car-parts-1.3385290

OTTAWA -- Mitsubishi Electric Corp. has been fined $13.4 million by Ontario's Superior Court of Justice after the Japanese auto parts company pleaded guilty to three counts of rigging bids.

It's the second-largest fine to date by a court in Canada since a federal investigation into bid rigging was launched more than four years ago.

Canada's Competition Bureau says Mitsubishi entered into illegal agreements with a competing Japanese car parts manufacturer.

The companies conspired to determine who would win certain calls for bids issued by Honda and Ford for the supply of alternators, and by General Motors for the supply of ignition coils. The calls for bids occurred between 2003 and 2006.
 
#2 ·
"We will fight this to the World Court if we have to! If we have to bribe every Superior Court Justice, we will fight this!"

J/K.
 
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