Japanese shock absorber rubber supplier management confessed to participate in price manipulation

According to the report of “American Automobile News”, as the US Department of Justice investigates the price manipulation of auto parts further, Hiroshi Yoshida, a Japanese supplier of parts suppliers, recently confessed that he had participated in the price manipulation of shock-absorbing rubber auto parts. .

The U.S. Justice Department stated that Hiroshi Yoshida recently confessed to the U.S. court that he had participated in the price manipulation of shock-absorbing rubber parts and violated the Sherman Act. The U.S. District Court ruled that Hiroshi Yoshida paid a fine of 20,000 U.S. dollars and assumed 12 months of zero. One day's imprisonment.

The court documents stated that Yoshida was a "management-level employee" in a US subsidiary of a Japanese automotive parts supplier headquartered in Saitama, Japan, but the court documents did not disclose the name of the company.

Court documents pointed out that Yoshida and his colleagues had collaborated with another parts supplier in 2005 to conspire to control bids for shock-absorbing rubber car parts. The U.S. Justice Department stated that Yoshida was the first person to participate in shock-absorbing rubber parts. The manager accused of manipulation.

Since the US Department of Justice started investigating the price manipulation of auto parts, including Yoshida, so far nine companies and 12 managers have confessed or agreed to confess to participate in price manipulation.

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