The Federal Economic Competition Commission (FECC) of Mexico announced in Mexico on June 9, 2017 (Mexico time) that several companies including MOL have breached Mexican antitrust law with respect to car carrier services and were imposed fines, MOL said in its press release.
MOL and other shipping companies have been investigated for by the FECC due to the suspicion of antitrust law violation. MOL has fully cooperated with the FECC during the investigation.
Although the FECC announced that they admitted the violation of Mexican antitrust law and imposed a fine totally in the amount of MXN 581.660 million (about JPY 3.46 billion), MOL (including the subsidiary) was exempted from all penalty including fine except the amount of MXN 112.26 (about JPY 668.-) as nominal penalty in accordance with the Mexican regulation because MOL had already ceased the questioned conduct before the official investigation by the FECC and the FECC granted MOL's application under the FECC's leniency program.