Justin Bieber - Company (AIM: The Movement)
Japanese company agrees to plead guilty to a charge of price fixing Ocean Shipping Services for cars and trucks.
Kawasaki Kisen Kaisha Ltd. K-Line, a Japanese company, agreed to plead guilty and pay a 67 7 million criminal fine for his involvement in a conspiracy to fix prices, allocate customers, and offers platform International shipping services for roll-on, roll-off cargo, such as cars and trucks to and from the United States and elsewhere, the Justice Department announced today.
According to a federal court district a felony charge filed today count for Maryland district in Baltimore, K-Line conspiring to suppress and eliminate competition by allocating customers and roads, rigging bids and fixing prices for the sale of international ocean shipments of roll-on, roll-off cargo to and from the United States and abroad, including the Baltimore harbor K-Line participated in the conspiracy from at least as early as February 1997 to at least September 2012 K-Line has agreed to cooperate with the Department of antitrust investigations under the plea agreement is subject to court approval.
Roll-on, roll-off cargo is non-containerized cargo, which can be both on and rolled out of a rolled ocean vessel Examples of such cargo include new and used cars and trucks and construction and farm equipment.
Our efforts exposed a world long conspiracy that operated globally, affecting shipping staggering amounts of cars in and out of the Port of Baltimore, and other ports in the United States and around the world today's announcement demonstrates our continued commitment to bring the members of this conspiracy to justice, said Bill Baer, Assistant Attorney General in charge of the Department of justice Antitrust Division, we continue our efforts to ensure that companies and people involved in this agreement are held accountable for their actions and the damage they have inflicted on American consumers.
Depending on the load, K-Line and his co-conspirators conspired, among others, agreed in meetings and communications on prices, allocating customers, agreeing not to bid against each other and exchange information on prices to customers the department said businesses and tariffs in accordance with the agreements on international maritime transport services for certain roll-on, freight roll-off to and from the United States and elsewhere collusive and noncompetitive prices.
K-Line is responsible for price fixing in violation of the Sherman Act, which carries a maximum penalty of a $ 100 million fine for criminal enterprises The maximum fine may be increased to twice gain derived from the crime or twice the loss suffered by the victims of the crime, if either of those amounts is greater than the legal limit.
today's charge is the result of a federal antitrust investigation underway on price fixing, bid rigging, and other anticompetitive practices in the deployment of international markets, ocean roll-off shipping industry which is conducted by the criminal Court I Section Washington Antitrust Division and the FBI Baltimore Field Office, as well as assistance for the protection of customs and border Office of internal Affairs, Washington Field Office Special investigations Unit anyone having information as part of this investigation is asked to call the criminal Court I Section Antitrust Division in Washington 202-307-6694, visit or call 410-265-8080 FBI Baltimore Field office.
Japanese company agrees to plead guilty to a charge of fixing Ocean Shipping Services Prices for cars and Japanese company, agrees.