US: DOJ nabs yet another exec in record auto parts price-fixing case

The US Department of Justice has announced the latest development in its record-breaking price-fixing crack down of global auto parts manufacturers.

According to reports, former Japan-based Takata executive Gikou Nakajim has been indicted on charges of conspiring to manipulate seat belt prices sold to car makers. Takata was one of 27 car parts companies that either pleaded guilty or agreed to plead guilty to the DOJ’s charges.

It’s a record-breaking case for the regulator that has already lead to $2.3 billion in fines issued to companies and individuals, making this the largest-ever antitrust case for the DOJ.

Full content: Reuters

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