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Mitsubishi Electric Corp Receives Cease and Desist Order and Surcharge Order from Japan Fair Trade Commission

Thursday, 22 Nov 2012 02:00am EST 

Mitsubishi Electric Corp announced that it has received a cease and desist order as well as a surcharge order with an amount of JPY 1,410,310,000 from Japan Fair Trade Commission, due to the violation of antitrust law in alternator starter trading. The Company was orders to pay the surcharge by February 25, 2013.