UK execs face fines, jail in Marine Hose case - report

ERJ staff report (DS)

Houston, Texas -- Three UK executives have entered their plea-bargaining agreements in the marine Hose case, according to Bloomberg, which has seen court papers. Peter Whittle, the consultant who managed the cartel has agreed to serve 30 months and pay a $100 000 (Euro 68 000) fine. Bryan Allison of Dunlop Oil and Marine Ltd., has agreed to serve two years and pay a $100 000 fine. David Brammar, also of Dunlop Oil and Marine has agreed to serve 20 months and pay a $75 000 (Euro 51 000) fine.

The papers also show that two executives from Continental are to plead guilty to charges of price fixing and bid-rigging.

Bloomberg quotes Allison's lawyer Michael Ramsey saying the defendants hope to serve all of their sentences in the UK. Ramsay reportedly added that the three men may also face European Union fines following their admissions of guilt.

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Continental Unit Executives to Admit Bid-Rigging Role (story from Bloomberg)