Settlements

ST-62
Bid-Rigging in the International Market for Marine Hose / Misao Hioki
Bid-Rigging in the International Market for Marine Hose
United States
Department of Justice
Argentina, Brazil, Ecuador, Mexico, Venezuela
2008
12/10
Unknown
Individual
Criminal
Guilty Plea
Criminal Fine
$80,000.00
$80,000
$0
Art.16
Art. 1
Conspiracy to violate the Sherman Antitrust Act, Conspiracy to bribe foreign officials
Conspiracy to violate the Sherman Antitrust Act, Conspiracy to bribe foreign officials
Yes
US Report to the Organisation for Economic Co-operation and Development, "Steps taken to implement and enforce the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions," Mr. Hioki, the former general manager of his company's Industrial Engineered Products Department in Tokyo, Japan was charged for his role in a conspiracy to rig bids, fix prices and allocate market shares of marine hose in the US market and for his role in approving deals and corrupt payments and steps to conceal the improper payments via local sales agents in Latin America to employees of government-owned enterprises with which Mr. Hioki's company sought to do business. From January 2004 through 2007, Mr. Hioki and others made more than $1 million in corrupt payments to foreign government officials in Latin America to secure or retain business. On December 10, 2008, Mr. Hioki became the ninth individual to plead guilty in the marine hose bid-rigging investigation and the first individual to plead guilty in the investigation of the FCPA conspiracy. He was sentenced to 24 months' imprisonment and a criminal fine of $80,000, following the Department of Justice Antitrust Division's establishe practice of negotiating agreed-to-dispositions. (Source: US Report to the OECD, Bid-Rigging in the International Market for Marine Hose Case Summary, at 74-75.)