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Elna executive pleads guilty to capacitors scheme

An executive of Japan-based capacitor manufacturer Elna has pleaded guilty to conspiring to fix prices and rig bids for electrolytic capacitors sold in the United States, the Justice Department said on June 27.

Tokuo Tatai, the executive, was indicted in December 2016 in California federal court for suppressing and eliminating competition for electrolytic capacitors by fixing prices and rigging bids. He allegedly participated in the scheme for three years starting in January 2009.

Tatai has agreed to serve a prison term of a year and a...

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