National / Crime & Legal Sep 4, 2015
NGK Insulators pleads guilty in U.S., agrees to pay $65 million fine for price fixing
The U.S. Justice Department said Thursday that Japanese manufacturer NGK Insulators Ltd., which makes electricity insulators and automotive parts, has agreed to plead guilty and pay a $65.3 million (about ¥7.8 billion) fine for price fixing and rigging bids. The department said NGK Insulators rigged ...