Japanese auto parts company pinned

Following an investigation, the Competition Bureau, a Japanese supplier of components for motor vehicles was sentenced Thursday a record fine of $ 30 million by the Superior Court of Ontario, for his participation in a conspiracy to rig offers.

The company Yazaki has pleaded guilty to bid-rigging under the Competition Act, by reason of its participation in a cartel with other international suppliers of components of motor vehicles in Japan. The company is Struck the highest fine ever been imposed in the country in a bid-rigging case.

According to evidence presented in court, Yazaki conspires with similar companies in Japan to bid in a tender for a supply bundles cables Canadian subsidiaries of manufacturers Honda and Toyota.

The total trade volume of Yazaki in Canada that has been hit by the bid-rigging conspiracy amounted to about U.S. $ 260 million.

April 4, another Japanese company, Furukawa, was sentenced to a fine of $ 5 million for faking-related electrical distribution boxes for cars offers.

The survey conducted by the Competition Bureau is the only component manufacturers motor vehicles. No culpable act has been reported by the automakers like Toyota and Honda, which are enterprise customers surveyed.

The current investigation of the Bureau in coordination with other authorities, including those of the United States, Japan, Australia and the European Union, the precise federal agency through communicating.