A Kawasaki Kisen Kaisha Ltd. (K-Line) executive received an 18-month sentence in a US prison in regards to his involvement in a conspiracy to fix prices in the car carrier business, as reported by the US Department of Justice on Friday.In addition to the 18-month prison sentence and a $20,000 fine, Tanioka has agreed to provide assistance to the department in its current ongoing investigation that focuses on the ocean shipping industry
According to the one-count felony charge, Hiroshige Tanioka took part in a conspiracy to allocate customers and routes, rig bids and fix prices for the sale of international ocean shipments of roll-on, roll-off cargo to and from the United States and elsewhere. It was determined that Tanioka had participated in the conspiracy scheme from at least as early as April of 1998 to until the very least of April 2012.
Tanioka received an 18-month sentence in prison and was ordered by the court to pay a USD 20,000 criminal fine in regard to his participation in the above-mentioned conspiracy. Additionally, Tanioka has agreed to provide assistance to the department in its current ongoing investigation that focuses on the ocean shipping industry.
