OTTAWA – Showa Corp. has been fined $13 million by an Ontario court after the Japanese auto parts company pleaded guilty to one count of bid rigging.
It’s the second-largest fine to date by Ontario’s Superior Court of Justice and the ninth guilty plea since a federal investigation into bid rigging that was launched three years ago.
Get daily National news
Get daily Canada news delivered to your inbox so you'll never miss the day's top stories.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
Canada’s Competition Bureau says Showa had a secret, illegal arrangement with another supplier for Honda cars manufactured in Canada.
- Osoyoos Band seeks return of sacred sites in discussions with B.C. government
- Record turnout expected for Penticton Peach Classic Triathlon, boosting local economy
- Mom and 1-month-old baby missing in northern B.C., not seen since July 9
- Hoekstra says Trump serious about tariff threat over wildfire smoke
Showa supplies electric power steering gears.
The largest fine to date under the bureau’s campaign was $30 million levied in 2013 on Yazaki Corp. for rigging bids on wire harnesses for Honda and Toyota.
Comments
Want to discuss? Please read our Commenting Policy first.