Financial Times FT.com

Japanese watchdog raids 30 building companies

By Mariko Sanchanta in Tokyo

Published: January 26 2005 02:00 | Last updated: January 26 2005 02:00

Japan's regulatory watchdog yesterday raided the offices of about 30 construction companies in Utsunomiya, a city north of Tokyo, seeking evidence of bid-rigging for public works projects.

Utsunomiya Kensetsugyo Kyokai, the local construction industry association, and 30 member companies suspected of bid-rigging were previously penalised in 1995 by Japan's Fair Trade Commission and fined Y1.5bn in surcharges.

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