Japan’s Kawasaki Kisen Kaisha (K Line) has pled guilty to criminal cartel conduct, the Australian Competition and Consumer Commision (ACCC) said today.
The plea is the second in Australia in relation to car carrying cartel behaviour spotted by the authorities. Nippon Yusen Kaisha (NYK) paid a fine last year after also pleading guilty.
The ACCC said today its investigation into other alleged cartel participants would continue.
Many car carrying firms have been hit by fines from many jurisdictions across the world in recent years over cartel activity.