Denso executives plead guilty to US price-fixing case

The three-year investigation by the US Department of Justice into price-fixing allegations by auto parts suppliers continues, with two more fish from the swamp of corruption the latest to be sentenced. Reuters reports that Denso executives Yuji Suzuki and Hiroshi Watanabe will do 16 months and 15 months in US jails, respectively, for their roles in setting prices for parts like heater control units and power window systems. They will also each pay $20,000 fines.

Fourteen executives and nine companies – so far – have been speared by the investigation. Eight of the companies have settled, Denso paying a $78-million fine in February last year at the same time as the DoJ collected $478 million from supplier Yazaki, $200 million from Furukawa Electric Company and sent three Furukawa execs to prison.

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