Taiwanese Executive Pleads Guilty to Price-Fixing
A former chairman of a Taiwan aftermarket auto lights manufacturer has agreed to plead guilty to participating in an international price-fixing conspiracy, according to a press release from the government.
Shiu-Min Hsu, the former chairman of Depo Auto Parts Industrial Co. Ltd., has been charged with one count of felony for conspiring with others to suppress and eliminate competition by fixing the prices of aftermarket auto lights.
The conspiracy, which lasted from April 2000 to September 3, 2008, involved government officials and executives from various companies in Taiwan and the United States.
Hsu has agreed to cooperate with the investigation and has pleaded guilty to the charges.
The government officials said that the price-fixing conspiracy caused harm to businesses and consumers.
As part of the plea agreement, Hsu has agreed to cooperate with the investigation and has pleaded guilty to the charges.
This case is part of an ongoing investigation by the Antitrust Division’s San Francisco Field Office and the FBI in San Francisco.
Anyone with information concerning illegal or anticompetitive conduct in the aftermarket auto lights industry is urged to call the Antitrust Division’s San Francisco Field Office at 415-436-6660 or visit https://www.justice.gov/.
Mandatory Facts:
Defendant: Shiu-Min Hsu
Criminal Charges: One count of felony for conspiring with others to suppress and eliminate competition by fixing the prices of aftermarket auto lights.
City and State: San Francisco, California
Crime Date: April 2000 – September 3, 2008
Sentence or Outcome: Pleaded guilty, cooperating with the investigation
Dollar Amounts: None mentioned in the press release
Other: This case is part of an ongoing investigation by the Antitrust Division’s San Francisco Field Office and the FBI in San Francisco.
Related Federal Cases
Key Facts
- State: Federal
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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