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Matsuo Electric to plead guilty to price fixing in U.S.
February 8, 2017 / 9:45 PM / 9 months ago

Matsuo Electric to plead guilty to price fixing in U.S.

WASHINGTON, Feb 8 (Reuters) - Matsuo Electric Co Ltd and one of its executives have agreed to plead guilty to fixing prices and rigging bids for electrolytic capacitors that regulate current in a broad range of electronics, the U.S. Justice Department said on Wednesday.

The Justice Department alleged that Matsuo was involved in the price-setting conspiracy from late 2001 to early 2014 while executive Satoshi Okubo was involved from mid-2002 to early 2014. (Reporting by Diane Bartz)

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