Cargolux chief indicted over alleged price-fix conspiracy

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Luxembourg-based freight carrier Cargolux's chief executive, Ulrich Ogiermann, has been indicted by a Miami grand jury accused of participating in a conspiracy to fix air freight charges.

Cargolux senior vice-president for sales Robert van de Weg has been similarly indicted, the airline states.

Following the formal disclosure from the US Department of Justice, Cargolux says its management board is "reviewing the charges" against the two executives.

The indictment follows Cargolux's entering a plea with the Department under which it admitted violating competition regulations relating to surcharges on air cargo shipments.

Cargolux, one of several airlines investigated over the matter, agreed to pay $119 million in fines over a five-year period.

"We understand that, under US law, [Ogiermann and van de Weg] will now have the opportunity to defend themselves against these allegations in court," says the carrier.