Ex-Bayer exec Wolfgang Koch pleads guilty in price-fixing case

Washington-Former Bayer AG rubber chemicals executive Wolfgang Koch has agreed to plead guilty, serve time in prison and pay a criminal fine for his role in an international conspiracy to fix prices in the rubber chemicals market.

According to the Department of Justice, Koch-product manager of rubber chemicals at Bayer during the time he participated in the conspiracy-was charged with fixing the prices of certain rubber chemicals sold in the US and elsewhere from January 1999 until December 2001.

Koch, a German national, has agreed to serve…

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