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The Japan Fair Trade Commission plans to order about 30 construction companies to pay ¥1.6 billion in fines for bid-rigging in large-scale condominium renovation contracts, in violation of the antimonopoly law. https://www.japantimes.co.jp/business/2026/06/12/companies/condo-renovation-bid-rigging-ftc/?utm_medium=Social&utm_source=mastodon #business #companies #ftc #corruption

Japan’s FTC to fine 30 firms over condo renovation bid-rigging

The construction companies had been selecting contractors in advance for competitive bidding on large-scale condominium renovation projects in the Kanto region.

The Japan Times