TOTETSU KOGYO CO.,LTD. [1835.T]
TOKYO, Jun 05 (Pulse News Wire) – Totetsu Kogyo CO.,LTD. (1835.T) established an expert panel on June 5 to investigate potential antitrust violations related to bids for track maintenance work and high-speed rail construction projects.
The panel, comprising independent external directors and legal experts, will examine the causes and preventive measures for the issues identified by the Fair Trade Commission during its inspections last November and May. The purpose of the committee is to conduct a fair and objective investigation from a specialized perspective and provide recommendations based on their findings.
Members include former FTC commissioner Eiji Makita, former High Court president Yasuhisa Akaba, retired police chief Seikou Takahashi, and former prosecutor Ichiro Matsui. The company stated it would fully cooperate with the panel's investigation.
While the completion date remains undetermined, TOTETSU KOGYO committed to disclosing any significant developments as appropriate.
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