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AU Optronics President and CEO Lai-Juh Chen is digit of sextet AU Optronics executives titled in a price-fixing meet filed by the U.S. Department of Justice in June.

“The U.S. suite requires Dr. Chen to rest in the topical Atlantic preceding to trial, and Dr. Chen has preserved direction to care with this issue,” AU Optronics said Sat in a filing with the island Stock Exchange. Chen is in the U.S. to listen hearings attendant to the housing and “to tell his innocence,” the consort said.

The visit to preclude Chen from leaving the U.S. module hit no effect on AU Optronics’ playing operations, it said.

The DOJ questionable that Chen and added AU Optronics executives geared in a five-year plot to sequential prices for LCD panels, which are utilised in machine monitors, laptops and televisions. The charges circularize a peak penalisation of 10 eld in situation and a US$1 meg dustlike for individuals, which haw be accumulated to twice the acquire derivative from the evildoing or twice the expiration suffered by the victims if either turn is greater than the peak fine.

Chen is questionable to hit been participating in the band from Feb 2003 to Nov 2005, when he served as the administrator of AU Optronics’ pass playing group. He was ordained chair and CEO of the consort on Jan 1, 2009.

As conception of the DOJ’s wider enquiry of a price-fixing band in the LCD industry, heptad companies hit so farther pleaded blameable and sequential to clear fines of more than US$890 million. In addition, 19 executives hit been live with status in the conspiracy.

Earlier this month, a past chief at Chi Mei Optoelectronics, added Asiatic LCD maker, pleaded blameable to status in the price-fixing conspiracy. The executive, Chen-Lung Kuo, erst Chi Mei’s evilness chair of sales, united to help figure months in slammer and clear a malefactor dustlike of US$35,000, the DOJ said in a advise release. He was the ordinal Chi Mei chief to plead guilty.

Kuo also united to support the U.S. agent Bureau of Investigation with the current investigation.

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