Toyota Unit Says It Bought Fake Parts Racket

Law360, Los Angeles (July 22, 2013, 10:03 PM ET) -- A supply chain subsidiary of Toyota Motor Corp. on Friday accused a supplier it acquired of running an elaborate scheme to sell fake catalytic converters to Toyota and other buyers, according to a complaint filed in California federal court.

Toyota Tsusho America Inc. alleged Friday that when a subsidiary purchased catalytic converter dealer Sino Scrap Inc., also known as Autocats Inc., in 2008, the company had no idea that Autocats was scamming its customers with fake converters.

Real catalytic converters are one of the most valuable...
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