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Companies ordered to return 10% in bid rigging scandal

Date Posted: 2008-01-11

Construction companies accused of fixing bid prices among each other have been ordered to return 10% of the contract price as a penalty.

The order from Okinawa Prefecture dates back to contracts beginning January 1, 2003, covering contracts bid on between April 2002 and June 2005. In applying its ruling only to cases from 2003, the government inspectors listened to the construction industry appeals to “overlook for us the past. Otherwise, the prefecture will face a very big financial problem, and the overall economic situation will go bad.”

All contracts and companies working Okinawa during the period must return the 10% price, even if they weren’t actually found guilty of being involved in bid rigging. “Even if they didn’t get involved in rigging bids,” a prefecture official says, “they have gotten a lot of profit from subcontractors. So, same as other companies, they should pay the penalty a joint together taking responsibility.”

The companies have ten years to repay the 10% money. The construction companies had made the appeal for time, and the prefecture accepted their concerns.

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