The president of HannStar has been indicted by the Department of Justice (DOJ).
Ding Hui Joe becomes the 22nd executive to be charged in the US following an ongoing investigation in LCD price fixing. He’s been charged with conspiring to eliminate competition by fixing prices of TFT-LCD panels, which are used in monitors, netbooks, TVs and mobile phones from September 2001 to early 2006.
Joe will have to give up a maximum of 10 years of his life in the clink. However if he gets a lesser sentence he might not be able to do much as he may also have to pay a $1 million fine.
HannStar, which agreed last year to plead guilty to charges of price fixing and pay a $30 million criminal fine, is of course not the only company in the frame.
Samsung, LG, AU Optronics, Chimei InnoLux and Chunghwa Picture Tubes were also fined by the EU for the same issues in December. However, Samsung got less of a fine because it grassed up the rest of its technology mates.