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You are here: Home / News / Takata Pleads Guilty and Pay $1 Billion in Criminal Penalties for Airbag Scheme

Takata Pleads Guilty and Pay $1 Billion in Criminal Penalties for Airbag Scheme

January 17, 2017 By CollisionWeek Editor

Three Takata Executives Charged with Wire Fraud and Conspiracy

Tokyo-based Takata Corporation agreed on Friday agreed to plead guilty to wire fraud and pay a total of $1 billion in criminal penalties stemming from the company’s fraudulent conduct in relation to sales of defective airbag inflators. An indictment was also unsealed charging three Takata executives with wire fraud and conspiracy in relation to the same conduct.

Takata LogoU.S. Attorney Barbara McQuade of the Eastern District of Michigan, Chief Andrew Weissmann of the Fraud Section of the Justice Department’s Criminal Division, Special Agent in Charge David P. Gelios of the FBI’s Detroit

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Filed Under: News Tagged With: Takata, U.S. DOJ

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