Third K Line executive jailed in price fixing scandal

Third K Line executive jailed in price fixing scandal

San Francisco: Another executive from Japanese shipping line K Line has been given an 18-month sentence in the US for his part in a price-fixing scandal surrounding ro-ro cargo.

Toru Otoda became the third executive of Kawasaki Kisen Kaisha (K-Line) to be imprisoned and fined for the affair when a US District Court in Maryland passed sentence on Thursday.

Otoda was a general manager in K-Line’s car carrier division and had pleaded guilty to price fixing. As well as 18 months jail time he was fined $20,000.

The charge related to price fixing in the Port of Baltimore between November 2010 and September 2012.

Two K Line employees were sentenced previously after pleading guilty to the charges – Hiroshige Tanioka was given 18 months in January while Takashi Yamaguchi, received 14 months in February. Both were also fined $20,000.

Three Japanese shipping companies have agreed to plead guilty and to pay criminal fines totalling more than $136m, including K-Line, which was sentenced to pay a criminal fine of $67.7m.

 

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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