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US: Two Japanese car parts execs get prison time for price-fixing

By  |  December 2, 2014

Two more executives of Japanese car parts manufacturers have reportedly agreed to plead guilty to allegations of a conspiracy to fix product prices and will serve prison terms in the US.

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    The US Department of Justice announced Monday that former Mitsuba general manager Kazumi Umahashi and T.RAD executive Kosei Tamura both pleaded guilty to the conspiracy; Umahashi will serve 13 months in prison, while Tamura will serve 366 days, reports say.

    Both individuals will also pay a fine of $20,000 each, the DOJ said.

    The two guilty pleas bring the number of individuals who have admitted to wrongdoing in the DOJ’s auto parts price-fixing case to 48. A total of 32 companies have also pleaded guilty to the collusion.

    Full content: Reuters

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