Denso Exec To Admit To Auto Parts Price-Fixing Scheme

Law360, New York (March 26, 2012, 5:39 PM EDT) -- A Denso Corp. executive faces a one-year prison sentence and a $20,000 criminal fine after agreeing to plead guilty in Michigan federal court to his role in a price-fixing and bid-rigging scheme involving automotive heater control panels, prosecutors said Monday.

Norihiro Imai, a former assistant manager of the Japanese auto parts company’s Toyota sales division, allegedly worked with co-conspirators to fix bids and the prices they quoted for the panels to an automobile manufacturer in the U.S., in violation of the Sherman Act, according to the...
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