Japan’s Yazaki Corporation, the world’s 13th largest global auto parts supplier, has been has fined C$30 million in Canada. The investigation by the Canadian Competition Bureau into the auto parts industry is the largest ever undertaken by Canadian authorities and this fine is the largest ever ordered by a Canadian Court.
This record fine by the Canadian authorities dwarfs a fine of $470m imposed against Yazaki in March last year by the US Department of Justice following a guilty plea to cartel conduct over a ten year period.
The Canadian fine was reduced as a consequence of Yazaki participating in the Bureau’s Leniency Program and providing substantial assistance to the Bureau and the Public Prosecution Service of Canada.
http://www.bloomberg.com/news/2013-01-31/japanese-auto-parts-makers-bracing-for-eu-cartel-fines.html
