• SHARE

The Fair Trade Commission has searched more than 10 utility meter makers, including Tokyo-based Kimmon Mfg. Co. and Nagoya-based Aichi Tokei Denki Co., suspecting they violated the Antimonopoly Law by rigging water meter bids, FTC officials said Wednesday.

The companies are believed to have conspired to agree on prices in competitive tender bids offered by the Tokyo Metropolitan Government’s waterworks department, the officials said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW