Three former NYK, 'K' Line execs charged in ro-ro price-fixing case

Three former NYK, 'K' Line execs charged in ro-ro price-fixing case

Three former “K” Line and NYK executives have been indicted for alleged participation in a scheme to rig bids and fix prices for international shipments of roll-on, roll-off shipments to and from the United States.

Yoshiyuki Aoki, formerly of NYK, and Masahiro Kato and Shunichi Kusunose, formerly of “K” Line, were charged in Baltimore with conspiring to allocate customers and routes, rig bids and fix prices.

Their indictments in Baltimore are the latest in a series. Four other persons have pleaded guilty and been sentenced to prison in the case, and NYK, “K” Line and CSAV also have pleaded guilty and paid more than $136 million in criminal fines.

Aoki was charged with participating in the conspiracy from at least as early as 2001 until at least September 2012; Kato with participating from at least as early as April 2002 until at least September 2012; and Kusunose with participating from at least as early as April 2004 until at least September 2012.