MRO Magazine

Bearings manufacturer fined $4.5 Million


Industry

January 31, 2014
By PEM Magazine

January 31, 2014 – NSK Ltd., a Japanese bearings manufacturer, pleaded guilty to two counts of bid-rigging under the Competition Act and was fined $4.5 million by the Superior Court of Quebec in Gatineau for its participation in an international bid-rigging cartel.