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Violation Tracker Individual Record

Company: Takata Corporation
Current Parent Company: Ningbo Joyson Electronic
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Penalty: $1,000,000,000
Year: 2017
Date: January 13, 2017
Offense Group: competition-related offenses
Primary Offense: fraud
Secondary Offense: motor vehicle safety violation
Mega-Scandal: Defective Airbags
Violation Description: Tokyo-based Takata Corporation agreed to plead guilty to wire fraud and pay a total of $1 billion in criminal penalties stemming from the company's fraudulent conduct in relation to sales of defective airbag inflators.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: automotive parts
Specific Industry of Current Parent: automotive parts
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.