9th Exec Pleads Guilty In Marine Hose Cartel Case

Law360, New York (December 11, 2008, 12:00 AM EST) -- A Japanese executive of a rubber products maker has been jailed for two years after admitting he engaged in a conspiracy to bribe government officials, rig bids and allocate market share of marine hose across the globe, marking the ninth executive to plead guilty in the case, according to U.S. authorities.

The U.S. Department of Justice said Wednesday that Misao Hioki, the former general manager of the unidentified company's international engineered products department, pled guilty to two criminal charges filed Dec. 8 in the U.S. District...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.