Ex-Air France Cargo execs indicted for price-fixing
A Chicago grand jury has returned an indictment against two former executives of Air France, for participating in a conspiracy to fix and coordinate surcharges and service rates on air cargo shipments to and from the US and elsewhere.
The indictment further alleges that the former executives, along with co-conspirators, also agreed to refuse to pay their customers commissions on surcharges for air cargo shipments to and from the US and elsewhere.
The indictment, returned in US District Court in Chicago, charges Marc Boudier (former executive vice president of the cargo division of Air France) and Jean Charles Foucault (former vice president of the cargo division of sales & marketing of Air France) with conspiring with other air cargo carriers and their officials to suppress and restrain competition for international air cargo services.
According to the indictment, Boudier and Foucault participated in the conspiracy from at least as early as August 2004 until at least February 2006.
Boudier and Foucault are charged with price fixing in violation of the Sherman Act, which carries a maximum penalty of ten years in prison and a US$1 million fine for individuals. The maximum fine may be increased to twice the gain derived from the crime or twice the loss suffered by the victims of the crime, if either of those amounts is greater than the statutory maximum fine.
A total of 21 airlines and 21 executives, including Boudier and Foucault, have been charged in the US Dept of Justice’s ongoing investigation into price fixing in the air transportation industry.
To date, more than US$1.8 billion in criminal fines have been imposed and four executives have been sentenced to serve prison time.
Charges are pending against the remaining seventeen executives, including Boudier and Foucault.
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