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Japan court fines 2 contractors for maglev project bid-rigging

TOKYO (Kyodo) -- A court fined two major Japanese contractors on Monday for involvement in rigging bids for construction work in the Tokyo-Osaka maglev train project.

The Tokyo District Court ordered Obayashi Corp. and Shimizu Corp. to pay 200 million yen ($1.78 million) and 180 million yen antitrust fines, respectively, for violating the antimonopoly law, recognizing their collusive ties with two other major contractors, Kajima Corp. and Taisei Corp.

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