Auto-parts probe said growing in scope
Dec 22, 2011 | 05:23 PM
| Corinna Petry
Tags
Department of Justice,
automotive,
price fixing,
bid rigging,
investigation,
automotive parts,
electrical wire harness,
Furukawa Electric Co.
Original Equipment Suppliers Association
CHICAGO — The Department of Justice continues to widen its investigation into an automotive parts price-fixing conspiracy as more suppliers are said to be offering information in order to avoid facing criminal charges themselves.
"We can confirm that (this) is the largest criminal investigation in terms of the breadth of commerce affected," a Justice spokeswoman told AMM on Thursday.
In testimony given before a U.S. House subcommittee earlier this month, Sharis Pozen, acting assistant attorney general for the department’s antitrust division and lead prosecutor in the international investigation of Furukawa Electric Co. Ltd. and other firms, called the practices uncovered in the probe "hard-core."....
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