ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Thursday, January 25, 1996 TAG: 9601250061
SECTION: BUSINESS PAGE: B-6 EDITION: METRO
DATELINE: BOSTON
Tokyo-based Mitsubishi Paper Mills Ltd. agreed Wednesday to plead guilty and pay a $1.8 million fine for its part in a price-fixing scheme that raised the price of fax paper in the United States and Canada.
The case against Mitsubishi was part of the Justice Department's ongoing investigation into price fixing in the $120 million-a-year thermal, or heat-sensitive, fax paper industry. The department has obtained guilty pleas in several cases and collected more than $10 million in fines.
A conspiracy charge against a former Mitsubishi Paper employee, Hirinori Ichida, remains outstanding.
- Associated Press
LENGTH: Short : 24 linesby CNB