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
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI