Region: Japan

Former Bridgestone exec agrees to prison time in auto parts probe

A former executive of Japan’s Bridgestone rubber company agreed to plead guilty and serve a year and a half in prison for his role in a conspiracy to fix prices and rig bids in the auto parts market, the US Department of Justice announced yesterday.

17 April 2014

DoJ charges Japanese Bridgestone executives in cartel case

The US Department of Justice has charged one current and two former Bridgestone executives with conspiring to fix prices, months after the Japanese car-parts manufacturer was penalised for failing to disclose the related crime.

16 April 2014

Japan and Vietnam cooperate in bribery probe

The Tokyo Prosecutor’s Office and government investigators in Vietnam are jointly investigating claims that a Tokyo-based company paid US$1.3 million to foreign officials to win contracts, according to Voice of America.

28 March 2014

Marubeni refused to cooperate while under DPA, says departing DoJ official

Japanese trading company Marubeni refused to cooperate with a US Department of Justice FCPA investigation, despite being under a deferred prosecution agreement for previous foreign bribery offences, a department official has said.

24 March 2014

DG Comp comes down hard on car parts cartel

The European Commission has fined five car part manufacturers almost €1 billion for operating a cartel – one of the largest penalties it has ever imposed.

19 March 2014

Japanese employee facing bribery charges leaves Deutsche Bank

A Deutsche Bank employee charged with bribery offences by the Japanese police has now left the company. Shigeru Echigo, who worked in the bank’s pension fund sales department in Tokyo, is accused of entertaining a pension fund manager by paying for luxury meals and holidays.

21 February 2014

Deutsche Bank faces penalties in Japanese bribery investigation

Japanese police have arrested a Deutsche Bank employee after allegations emerged that one of the company’s sales departments may have bribed clients.

05 November 2013

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