Second Japanese Supplier Admits Guilt In Price Fixing Scandal

Japan-based automotive supplier G.S. Electech Inc. agreed to plead guilty for its involvement in the global wire harness price fixing scandal.

G.S. Electech agreed to pay a $2.75 million fine as part of the plea.

According to the one-count felony filed in U.S. District Court in Detroit, the supplier engaged in a bid-rigging conspiracy on speed sensor wire assemblies parts used in antilock brake systems sold to an undisclosed automaker in the United States.

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