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Sumitomo Electric to pay 2.1 billion yen for price fixing
Sumitomo Electric Industries, Ltd. announced that the Japan Fair Trade Commission (JFTC) ordered Sumitomo Electric to pay a fine of 2,102.22 million yen for a bid-rigging cartel concerning transactions of automotive wire harnesses and related products. The company has been investigated by the JFTC since February 2010....
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