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December 1, 2014

Posted  January 22, 2016

Kosei Tamura, a general manager for Japan-based auto radiator manufacturer T.RAD Co. Ltd., agreed to plead guilty and to serve one year in a U.S. prison for participating in a conspiracy to fix prices of radiators installed in cars sold to Honda Motor Co. Ltd. and certain of its subsidiaries in the US and elsewhere. In addition to the prison sentence, Tamura agreed to pay a $20,000 criminal fine and to cooperate with DOJ’s ongoing investigation. In November 2013, T.RAD pleaded guilty and was sentenced to pay a $13.75M criminal fine for its role in the conspiracy. Including today’s charges, 48 individuals have been charged in the ongoing investigation into price fixing and bid rigging in the auto parts industry. Additionally, 32 companies have pleaded guilty or agreed to plead guilty and have agreed to pay a total of more than $2.4 billion in fines. DOJ

Tagged in: Bribery and Bid-Rigging,