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U.S. Indicts Two Japanese Auto Suppliers for Price Fixing
The U.S. Dept. of Justice has indicted Maruyasu Industries Co., Tokai Kogyo Co. and five of their executives for rigging prices on original-equipment car parts in North America between 2003 and 2011.
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The U.S. Dept. of Justice has indicted Maruyasu Industries Co., Tokai Kogyo Co. and five of their executives for rigging prices on original-equipment car parts in North America between 2003 and 2011.
Maruyasu is charged with conspiring with others to fix bids on steel tubing used by several carmakers to make brake and fuel lines. Tokai Kogyo is accused of manipulating bids for vehicle body sealing products sold to Honda Motor Co.
The same charges were leveled against Akitada Tazumi, a Tokai Kogyo assistant general manager; and four sales executives from Maruyasu: Tadao Hirade, Kazunori Kobayashi, Satoru Murai and Yoshihiro Shigematsu.
The indictments are the latest in a continuing multinational investigation into antitrust violations. DOJ has not indicted 44 companies and 64 individuals and levied criminal fines totaling $2.7 billion.
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