Two Denso Corp executives to plead guilty to price fixing: U.S.

WASHINGTON Tue May 21, 2013 10:48am EDT

Employees walk outside of the Denso (Guangzhou Nansha) Co Ltd plant in Nansha, Guangdong province June 22, 2010. REUTERS/Tyrone Siu

Employees walk outside of the Denso (Guangzhou Nansha) Co Ltd plant in Nansha, Guangdong province June 22, 2010.

Credit: Reuters/Tyrone Siu

WASHINGTON (Reuters) - Two executives at auto parts maker Denso Corp (6902.T) have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the U.S. Justice Department said on Tuesday.

The executives, Yuji Suzuki and Hiroshi Watanabe, both Japanese nationals, agreed to serve time in U.S. prison and pay a criminal fine, the department said in a news release.

Denso itself agreed to plead guilty in the conspiracy and pay a $78 million fine in January 2012.

(Reporting by David Ingram; Editing by Gerald E. McCormick)

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