Eun Soo Kim penalized in United States of America in Mar, 2020

130,000

 Penalty (US$)

9 Months

 Imprisonments

 United States of America

 Country of Event

Eun Soo Kim was penalized in United States of America dated March 03, 2020.
Kim participated in the conspiracy from at least as early as February 2008 until as late as May 2012. He conspired to allocate sales of, rig bids for, and submit rigged and non-competitive bids for instrument panel clusters sold to Korean automobile producers and their subsidiaries in the United States and elsewhere. Instrument panel clusters are a set of instruments located on the dashboard of a vehicle that contain gauges such as the speedometer, tachometer, odometer, and fuel gauge, as well as warning indicators for gearshift position, seat belt, parking-brake engagement, engine malfunction, low fuel, low oil pressure, and low tire pressure.
A fugitive for nearly five years, Kim was apprehended by German authorities in September 2019 in Frankfurt. Kim ultimately consented to extradition and arrived in United States of America on February 28, 2020.
On March 02, 2020, Kim pleaded guilty for his role in an international market allocation and bid-rigging conspiracy involving the sale of instrument panel clusters to several automobile producers. The US Department of Justice imposed a fine of USD 130,000 and a 9-month imprisonment sentence with credit for the time he was held in custody pending extradition and prior to sentencing.
Important Dates:
Scheme Period - 2008 to 2012
Extradition - February 28, 2020
Guilty Plea - March 02, 2020

Reason:
Bid Rigging ,Price Fixing

Involved:

Eun Soo Kim

Source:
www.justice.gov