BRIDGESTONE CORPORATION Pays $28 Million For Bribes, Bid-Rigging-Reuters

Reuters reported that BRIDGESTONE CORPORATION has agreed to plead guilty to bribing Latin American officials and bid rigging, and to pay a $28 million fine, the company and Justice Department said on Thursday. Bridgestone agreed to plead guilty to conspiring to fix the prices of marine hose used to transfer oil between tankers and storage facilities. It also conspired to bribe officials in Mexico and elsewhere in Latin America to secure marine hose sales for Bridgestone, according to a court filing. The company will pay a $28 million fine to resolve the criminal charges.