WASHINGTON - The Justice Department says a Japanese company is the latest to agree to plead guilty in a probe of price-fixing in the freight forwarding industry.
Yamato Global Logistics Japan Co. Ltd. also has agreed to pay a $2.3 million criminal fine in the investigation.
To date, 14 companies have either pleaded guilty or agreed to plead guilty and to pay more than $100 million in criminal fines.
The investigation involves fees on freight forwarding services for cargo shipped by air from Japan to the U.S. over a five-year span ending in 2007.
© The Canadian Press, 2012
19 Sep, 2012
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Source: http://www.globalnews.ca/Money/japanese+company+agrees+to+plead+guilty+pay+23m+criminal+fine+in+freight+forwarding+probe/6442718218/story.html
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