Sentenced to 18 months in rison and paid a $20,000 criminal fine
According to US Department of Justice, an executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) pleaded guilty and was sentenced to 18 months in a U.S. prison for his involvement in a conspiracy to fix prices, allocate customers and rig bids of international ocean shipping services for roll-on, roll-off cargo, such as cars and trucks, to and from the United States and elsewhere
The Shipping Execuritve was sentenced to serve an 18-month prison term and pay a $20,000 criminal fine for his participation in the conspiracy. In addition, he has agreed to assist the department in its ongoing investigation into the ocean shipping industry.
He was charged with a violation of the Sherman Act, which carries a maximum sentence of 10 years in prison and a $1 million criminal fine for an individual. The maximum fine may be increased to twice the 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 statutory maximum fine.
This sentence is the fourth against an individual in the divisions ocean shipping investigation, and the third against an individual from K-Line. Three corporations have agreed to plead guilty and to pay criminal fines totaling more than $136 million, including K-Line, whichwas sentenced to pay a criminal fine of $67.7 million.
Source: US Department of Justice
