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Economy

Japanese maglev bid-rigging scandal hits four general contractors

Obayashi admits misconduct, Taisei raided

Investigators from the Tokyo District Public Prosecutors Office make their way to the head office of Taisei in Tokyo on Dec.19.

TOKYO -- Constructor Obayashi has admitted conspiring with three other major Japanese general contractors to coordinate orders in a widening scandal involving the planned maglev Linear Chuo Shinkansen line, investigative sources said on Tuesday.

The Tokyo District Public Prosecutors Office and the Japan Fair Trade Commission raided the head offices of Obayashi and Taisei the same day on suspicion that the two had violated the anti-monopoly law by restricting transactions.

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