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(Update) 20 Printing Firms in Japan Raided over Bid-Rigging for Pension Reports

(Update) 20 Printing Firms in Japan Raided over Bid-Rigging for Pension Reports

   Tokyo, Oct. 8 (Jiji Press)--Japan's Fair Trade Commission raided some 20 printing companies on Tuesday for allegedly repeating bid-rigging for contracts to send public pension coverage reports.
   The FTC suspects that the companies, including Toppan Forms Co. <7862>, Kyodo Printing Co. <7914> and Nakabayashi Co. <7987>, violated the antimonopoly law.
   The companies are suspected of rigging bids for contracts to print and send postcards and letters used in "Nenkin Teikibin" regular reports on people's past pension premium payments and future pension payout, which are compiled by the Japan Pension Service, the operator of the country's public pension system, informed sources said.
   The bid-ridding began at least several years ago, the sources said.
   The bidding for contracts with the Japan Pension Service is divided into many categories based on types of printing materials. In many cases, printing companies share contracts as order volumes are huge.

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