BALTIMORE (AP) — A Japanese shipping company executive is going to U.S. federal prison for conspiring to fix prices for ocean shipments of vehicles.
The Justice Department says Toru Otoda, a former divisional manager at the company known as “K” Line, was sentenced Thursday in Baltimore to 18 months after pleading guilty to an antitrust violation. The company’s full name is Kawasaki Kisen Kaisha Ltd.READ MORE: Stimulus Check Update: Are Relief Payments Bad For The Economy?
He is the third “K” Line executive and the fourth individual sentenced to prison in a conspiracy that ran from at least February 1997 to September 2012. Prosecutors say it affected the shipping costs of cars and trucks at U.S. ports, including Baltimore.READ MORE: Adult Entertainment Resumes In Baltimore Friday Afternoon After City Agrees To Lift COVID Restriction
“K” Line agreed to pay a $67.7 criminal fine in September. Two other companies have been fined a total of $68.3 million for their involvement.MORE NEWS: 'We Cannot Accept This': Teens Shot In Baltimore Thursday Still In Hospital, One In Grave Condition; Police Following Leads
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