News
9:53 am
Thu June 7, 2012

Local executive to plead guilty to price fixing

An auto parts company executive doing business in Columbus will plead guilty to price fixing. Federal prosecutors say Kazuhiko Kashimoto has agreed to serve 14 months in prison, pay a fine and help the government in its ongoing investigation. Kashimoto worked in Yazaki Corporation's west side office where he allegedly ripped off Honda by inflating parts prices. He's the fifth person to plead guilty in the scheme against several automakers.