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September 3, 2015

Posted  January 25, 2016

Japanese automotive parts supplier NGK Insulators Ltd. agreed to plead guilty and pay a $65.3 million criminal fine for its role in a conspiracy to fix prices and rig bids for ceramic substrates for automotive catalytic converters supplied to automobile manufacturers.  According to the felony charges, NGK conspired to rig bids for and fix the prices of catalytic converter substrates supplied to automobile manufacturers such as General Motors, Toyota, Nissan and certain of their subsidiaries and suppliers in the US and elsewhere.  NGK is also charged with obstructing justice by altering, destroying, mutilating and concealing documents with the intent of impeding the investigation into criminal antitrust violations in the automotive parts industry.  DOJ