This is the second guilty plea in Australia in relation to this cartel. On July 18, 2016, Nippon Yusen Kabushiki Kaisha (NYK) pleaded guilty to criminal cartel conduct. On August 3, 2017, NYK was convicted and fined $25 million.
K Line is a global organisation with offices in Europe, Africa, Northeast Asia, South East Asia, Japan, North America, Central America, South America, India, the Middle East and Oceania, including Australia. It has over 8,000 employees and is headquartered in Tokyo. It also has an Australian subsidiary, K-Line (Australia) Pty Ltd.
The matter will now proceed to sentencing and is next scheduled for a sentencing hearing in the Federal Court on November 15th and 16th. The ACCC’s investigation into other alleged cartel participants is continuing.
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