TEHRAN, April 05 -Kawasaki Kisen Kaisha (9107.T) (K-Line) has pleaded guilty to criminal cartel conduct in the transport of vehicles, Australia’s competition regulator said on Thursday, the second Japanese shipping company to make such an admission.
TEHRAN, Young Journalists Club (YJC) -Kawasaki Kisen Kaisha (9107.T) (K-Line) has pleaded guilty to criminal cartel conduct in the transport of vehicles, Australia’s competition regulator said on Thursday, the second Japanese shipping company to make such an admission.
The conduct relates to the shipping of cars, trucks and buses to Australia between 2009 and 2012, according to the Australian Competition and Consumer Commision (ACCC).
Nippon Yusen Kabushiki Kaisha (NYK) (9101.T) was convicted last year by Australia’s Federal Court and fined A$25 million ($20 million) for its part in the activity.
The ACCC on Thursday declined to disclose details relating to the K-Line complaint.
During the NYK case the court found that cartel members fixed freight prices for carrying Nissan, Suzuki, Honda, Toyota and Mazda vehicles to Australia and agreed not to try and win business from each other from as early as February 1997.
Senior managers from NYK were in regular contact with rivals over such matters, even taking telephone calls in hallways or lift lobbies to avoid being overheard by more junior employees who may have reported their conduct, Justice Michael Wigney said last August in his judgment.
Source: Reuters
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