US says Furukawa to pay $200 mln in auto parts case

Newswire

WASHINGTON, Sept 29 (Reuters) - Tokyo-based Furukawa Electric Co <5801.T> agreed to plead guilty and pay a $200 million fine for its role in a criminal price-fixing and bid-rigging conspiracy over the sale of parts to automakers, the U.S. Justice Department said on Thursday. It said three executives, who are Japanese nationals, have also agreed to plead guilty and to serve prison time in the United States ranging from a year and a day to 18 months. The cases represented the ...

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