Matsuo Electric to plead guilty to price fixing in U.S.
08/02/2017 21:32
WASHINGTON, Feb 8 (Reuters) - Matsuo Electric Co Ltd
6969.T and one of its executives have agreed to plead guilty
to fixing prices and rigging bids for electrolytic capacitors
that regulate current in a broad range of electronics, the U.S.
Justice Department said on Wednesday.
The Justice Department alleged that Matsuo was involved in
the price-setting conspiracy from late 2001 to early 2014 while
executive Satoshi Okubo was involved from mid-2002 to early
2014.
(Reporting by Diane Bartz)
((Diane.Bartz@thomsonreuters.com; 1 202 898 8313;))
Keywords: MATSUO ELECTRIC BID RIGGING/ANTITRUST