Friday, February 3, 2012

Two Japanese suppliers plead guilty for bid-fixing, will pay record fines

Two Japanese suppliers plead guilty for bid-fixing, will pay record fines

Two more Japanese auto industry suppliers, Yazaki and Denso, have been fined by the U.S. Department of Justice and four executives from Yazaki will go to jail, according to reports in the New York Times and Automotive News. Yazaki's $478 million fine and Denso's $78 million fine come on top of the $200 million penalty paid by another Japanese supplier, Furukawa Electric Company, last November as part of a probe into price fixing. Three Furukawa execs also were sentenced to prison.
Two Japanese suppliers plead guilty for bid-fixing, will pay record fines


Autoblog, Two Japanese suppliers plead guilty for bid-fixing, will pay record fines

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