Pharma Industry
Industry: Email Alert RSS FeedUeno to Pay $11MM in Sorbates Case.(Ueno Fine Chemicals Industry Ltd.)(Brief Article)
Chemical Market Reporter, February, 2001
UENO FINE Chemicals Industry Ltd., a Japanese chemical producer, has agreed to plead guilty and pay an $11-million criminal fine for participating in a 17-year international conspiracy in the food preservatives industry, according to the US Justice Department. In addition, three top executives of Ueno and an executive from the Japanese chemical giant Daicel Chemical Industries Ltd.
were also indicted by a federal grand jury for their roles in the conspiracy which involved sorbates. Ueno is the fifth company to be charged with participating in the conspiracy, following Eastman Chemical Company, Hoechst AG, Nippon Gohsei and Daicel. The $11-million fine against Ueno would bring the total fines imposed in the investigation to more than $130 million. ...
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