D-Ram probe in US

Park Young Hwan, the chief executive of Samsung Electronics’ US-based chip division is facing up to 10 months in jail after pleading guilty to his role in a price-fixing conspiracy

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By  Administrator Published  December 29, 2006

Park Young Hwan, the chief executive of Samsung Electronics’ US-based chip division is facing up to 10 months in jail after pleading guilty to his role in a price-fixing conspiracy.

The Korean executive pleaded guilty to his part in a conspiracy involving Samsung and other makers of dynamic random access memory components while serving as vice president of the company’s sales division, according to a report on FT.com.

The scam was uncovered after an investigation by the US Justice Department and also involved officials at Hynix and Infineon.

The Justice Department said Young Hwan carried out the price-fixing by participating in the meetings and conversations with rivals in the D-Ram market and agreeing to charge certain customers a fixed price, according to the report.

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