Another exec pleads guilty to auto parts price-fixing scheme
Aug 21, 2012 | 09:38 AM
| Corinna Petry
CHICAGO An executive of Tokyo-based Yazaki Corp. has agreed to plead guilty for his role in an alleged conspiracy to fix the prices of instrument panel clusters, also known as meters, installed in vehicles sold in the United States and elsewhere, the U.S. Justice Department said.
Toshio Sudo is the 11th executive to be charged in the governments ongoing investigation into alleged price-fixing and bid-rigging in the auto parts industry. As part of a plea agreement, Sudo will serve 14 months in a U.S. prison and pay a $20,000 fine, and has agreed to cooperate with the continuing investigation.....
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