Electronics Production | March 02, 2006
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.
"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.
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