Federal and International

Former President and Vice President of Diamond Electric Agree to Plead Guilty to Participating in Auto Parts Price-fixing Conspiracy

Each Executive Agrees to Serve More Than a Year in U.S. Prison

Washington, DC—(ENEWSPF)—January 31, 2014. The former president and vice president of Osaka, Japan-based Diamond Electric Mfg. Co. Ltd. have agreed to plead guilty for their participation in a global conspiracy to fix prices of ignition coils installed in cars sold in the United States and elsewhere, the Department of Justice announced today.  Ignition coils are part of a car’s fuel ignition system and…

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