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Date: 2013-08-01

NTN officials admit price-fixing

Some officials of NTN Corp. have begun to make statements admitting their involvement in fixing prices for bearings during voluntary questioning with Tokyo prosecutors, according to sources.

The officials had previously denied their roles in the case.

Prosecutors are in the final stages of their investigation and are expected to decide soon whether to pursue criminal charges against senior officials of the companies involved or to continue voluntary questioning, the sources said.

Executives and lower-ranking employees of NTN and three other bearing makers


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