A US federal grand jury indicted three former Japanese airline executives yesterday on charges of fixing rates for air cargo shipments to and from the United States. Takao Fukuchi, a former president of JAL’s cargo sales division, and Yoshio Kunugi and Naoshige Makino, both previously senior executives of Nippon Cargo Airlines (ANA), played a “pivotal role” in setting cargo shipment rates and conspired to “suppress and eliminate competition,” the indictment said. The indictment returned in US District Court in Atlanta, Georgia, show that Fukuchi and Kunugi are charged with entering into and participating in the conspiracy from at least as

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