TWO forwarding executives at Dip Shipping have pleaded guilty at a court in Miami for their roles in orchestrating a conspiracy in the United States to fix prices for international freight forwarding services.
According to the Department of Justice, the guilty pleas by Dip Shipping president Roberto Dip and sales manager Jason Handal mark 'the first convictions in this investigation' that is ongoing, reported American Shipper.
Dip Shipping's website says it ships to and from the US, Honduras, Nicaragua, Guatemala and Mexico.
'The pair conspired with their competitors to fix the prices for freight forwarding services provided in the United States and elsewhere from at least as early as September 2010 until at least March 2015. In addition to their guilty pleas, Dip and Handal have agreed to pay a criminal fine and cooperate with the ongoing investigation,' DOJ was cited as saying.
Assistant Attorney General Makan Delrahim of DOJ's Antitrust Division said: 'Through these plea agreements, the Antitrust Division and the FBI hold accountable two senior executives who conspired to cheat American customers.'
In July DOJ said during meetings the co-conspirators discussed and agreed to inflate prices charged to US customers by implementing set 'commissions' in port cities nationwide. The discussions were recorded in emails and other documents.
WORLD SHIPPING
According to the Department of Justice, the guilty pleas by Dip Shipping president Roberto Dip and sales manager Jason Handal mark 'the first convictions in this investigation' that is ongoing, reported American Shipper.
Dip Shipping's website says it ships to and from the US, Honduras, Nicaragua, Guatemala and Mexico.
'The pair conspired with their competitors to fix the prices for freight forwarding services provided in the United States and elsewhere from at least as early as September 2010 until at least March 2015. In addition to their guilty pleas, Dip and Handal have agreed to pay a criminal fine and cooperate with the ongoing investigation,' DOJ was cited as saying.
Assistant Attorney General Makan Delrahim of DOJ's Antitrust Division said: 'Through these plea agreements, the Antitrust Division and the FBI hold accountable two senior executives who conspired to cheat American customers.'
In July DOJ said during meetings the co-conspirators discussed and agreed to inflate prices charged to US customers by implementing set 'commissions' in port cities nationwide. The discussions were recorded in emails and other documents.
WORLD SHIPPING