Federal and International

Former Executive of Japanese Automotive Parts Manufacturer Indicted for Role in Conspiracy to Fix Prices

Washington, DC—(ENEWSPF)—October 16, 2014. A Cincinnati federal grand jury returned a one-count indictment against a former executive of a Japanese manufacturer of automotive parts for his participation in a conspiracy to allocate markets and fix prices of pinion-assist type electric powered steering assemblies, the Department of Justice announced today.

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The indictment, filed yesterday in the U.S. District Court for the Southern District of Ohio charges Akira Wada, a former executive of Showa Corporation, with participating…

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