Electronics Production |
Hynix bosses into prison
Four South Korean executives at Hynix will face some time-serving in prison as a result of a pricing cartel to push up the prices on DRAMs.
The four Hynix executives will serve some time in a United States prison and are also going to pay fines $250,000 each.
"We strive to preserve the integrity of our free market economy,” said U.S. Attorney General Alberto R. Gonzales, in a statement.
"Individuals who defraud American businesses and consumers by participating in international price-fixing conspiracies will be prosecuted and sent to prison no matter where they live or where they commit the crime”, he added.
