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Two auto part suppliers of Japan are sued for cheating in bid

By CFM , 2016-06-21 12:00:00

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Automotive News Europe reports that The US Judicial Branch discloses that two auto parts suppliers, Japan Tokai Kogyo Corporation and Maruyasu Industries, are sued for price monopoly along with 5 executives.

It’s been a long time for the anti-monopoly investigation of price monopoly in the field of auto parts internationally. Up to now,  over 40 enterprises and 60 people are involved into it.

The US Judicial Branch claims that in the indictment of Ohio Federal Grand Jury, Tokai and its sub company in US are sued for cheating in the bid of Honda’s automotive weather-strip and other sealed parts. And the US Judicial Branch reveals in another statement that Akitada Tazumi is also faced with the prosecution who is the Vice President of Tokai.

Besides that, the US Judicial Branch points out that Maruyasu Industries and its sub company are sued for cheating in the bid of steel pipe( be used for fuel partition, brake and other auto components by auto manufacturers). Maruyasu and four executives are sue for price monopoly, namely Tadao Hirade, Satoru Murai, Kazunorikobayashi and Yoshiro Shigematsu.

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