Six on capacitor charges

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The US Department of Justice (DoJ) has accused six people of conspiring to rig the prices charged for capacitors.

Prosecutors say that six foreign nationals, all executives with electronics manufacturers, conspired to keep the prices for capacitors artificially high.

The six struck a series of deals extending from 2000 to 2012 where their companies would agree to fix the prices they charged manufacturers for the capacitors, which were used in the assembly of computers, monitors and various other electronic devices.

While only one of the executives' employers (NEC Tokin) was named in the indictment (the rest were assigned designations of A, B and C), the DoJ says that NEC Tokin and Hitachi Chemical have admitted to their parts in the scheme, while Rubycon Corporation, Elna Co. and Holy Stone Holdings have been charged in the case. ®

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