Fraudulent Shipping Exec Jailed


A senior official working for a major Japanese shipping firm has been given a 15-year prison sentence and a US$20,000 fine for his involvement in fixing prices on truck and car shipments into the US.

In a previous article, PTI reported on a Japanese executive working for Kawasaki Kisen Kaisha (K-Line) who received an 18-month prison sentence for rigging shipping prices.

The Japan Times has reported that Kawasaki Kisen Kaisha and liner CSAV have admitted involvement in the price-rigging scheme. All three companies have been ordered to pay a combined total fine of around $136m.

Corruption appears to be an on-going issue in both the port and shipping industry. A Tanzanian port executive had recently been suspended for violating procurement procedures.

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