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Another Company Agrees to Guilty Plea in Auto Parts Investigation
The U.S. Department of Justice this week added a ninth notch to its belt as part of its ongoing investigation into price fixing and bid rigging in the auto parts industry. Japan-based Tokai Rika Co. Ltd. has agreed to pay a $17.7 million criminal fine for its role in a conspiracy to fix prices of heater control panels installed in cars sold in the United States and elsewhere.
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