Japanese auto parts manufacturer Inoac Corp. has been fined US$1.3 mn for its role in an international bid-rigging conspiracy, after pleading before Ontario Superior Court of Justice.

According to the statement by Competition Bureau Canada, Inoac entered into an illegal agreement with a competing Japanese manufacturer for bidding on Toyota contracts for plastic interior car parts.

Those parts were used in Toyota Corollas manufactured and sold in Canada between 2008 and 2014.

For more: https://www.canada.ca/en/competition-bureau/news/2018/10/thirteenth-guilty-plea-concludes-auto-parts-bid-rigging-investigations-with-fines-totalling-over-86-million.html