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

 |  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.

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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