Massive auto parts price fixing probe spreads to four continents
So far, only one company has been convicted of price fixing in the investigation. Furukawa Electric Company of Japan has been handed a fine of $200 million and three U.S.-based executives are headed toward incarceration. Sentencing has yet to occur for those workers.
The report says the scandal spreads across automotive systems, and subpoenas have been handed down for raids against at least 19 suppliers over six supply sectors. Even so, those subpoenas may be aimed at securing evidence against a company's competitor, not the manufacturer itself.
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