Company agrees to pay $12 million criminal fine.
Maruyasu Industries Co. Ltd., an automotive parts manufacturer headquartered in the Aichi Prefecture in Japan, pleaded guilty and was sentenced to pay a $12 million criminal fine for its role in a criminal conspiracy to fix prices, rig bids, and allocate customers for automotive steel tubes incorporated into vehicles sold in the United States and elsewhere, the Department of Justice announced today.
Automotive steel tubes are used in fuel distribution, braking and other automotive systems and are sometimes divided into two categories – chassis tubes and engine parts. Chassis tubes, such as
Subscribers need to be logged in to see this part of the content. Please Login to access. Or, if you haven't previously subscribed, click here for information on our satisfaction guaranteed subscription options.