Nippon Chemi-Con indicted over price-fixing -U.S. Justice Dept
18/10/2017 23:29
WASHINGTON, Oct 18 (Reuters) - A federal grand jury indicted
Japan's Nippon Chemi-Con Corp 6997.T for its role in a
wide-ranging and long-running conspiracy to fix prices for
electrolytic capacitors sold to customers in the United States
and elsewhere, the U.S. Justice Department said on Wednesday.
The felony charge, filed in the U.S. District Court for the
Northern District of California in San Francisco, charges that
Nippon Chemi-Con conspired to suppress and eliminate competition
for electrolytic capacitors from as early as September 1997
until January 2014, the department said in a statement. Three
current company executives and one former executive were
previously indicted for their participation in the conspiracy,
for which seven other companies were previously charged, it
said.
(Reporting by Eric Walsh; Editing by Mohammad Zargham)
((eric.walsh@thomsonreuters.com; 1-202-898-8457; Reuters
Messaging: eric.walsh.thomsonreuters.com@reuters.net))
Keywords: NIPPON CHEMI CON PRICEFIXING/