Former Diamond Electric execs to admit price-fixing - U.S. prosecutors

Newswire

WASHINGTON, Jan 31 (Reuters) - A former president and former vice president of Japan's Diamond Electric Manufacturing Co Ltd have agreed to plead guilty to conspiring to fix the prices of auto parts, the U.S. Justice Department said on Friday. The plea agreement came six months after the company itself agreed to plead guilty and pay a $19 million fine for the price-fixing involving ignition coils sold to Ford Motor Co and other companies.

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