Auto Parts Company Executive Gets Jail Time for Obstructing Price Fixing Probe
The Department of Justice reports that a former executive of an automotive parts company based in Japan will serve 14 months in prison and pay a $7,500 criminal fine for obstructing a federal antitrust investigation into price fixing, bid rigging, and other anticompetitive conduct in the auto parts industry.
A DOJ press release states that the man was charged with conspiring to delete emails and electronic records and to destroy documents referring to communications with competitors in anticipation of a federal investigation. He was also charged with instructing another individual to ensure that no phone numbers or call records remained on his cell phone and that no data remained on his computer that would reflect competitor communications in an effort to obstruct an official proceeding.
DOJ notes that a total of 65 individuals and 47 companies have been charged in its investigations into the auto parts industry.