An Elna executive pleaded guilty to being part of a price-fixing conspiracy involving the Japanese capacitor company and will serve a prison term, reported Reuters.
Charges against Tokuo Tatai were part of an ongoing investigation into anticompetitive conduct by makers of electrolytic capacitors, which regulate current in electronics including televisions, car engines and office equipment. The probe has led to charges against eight companies and 10 people.
As part of a plea deal, Tatai will serve a prison term of a year and a day, the Justice Department said in a statement. It said he was part of the conspiracy from January 2009 to January 2012.
Full Content: Reuters
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