The U.S. Department of Justice says Japanese tire maker Bridgestone has agreed to plead guilty to bid rigging, and bribing Latin American governments.

It involves giant hoses used to transfer oil from oil tankers to storage facilities.

The illegal practice of bribing and bid rigging went on for ten years, from 1997-2007.  Bridgestone admitted that it bribed government officials in Mexico and other Latin American countries to secure deals.  They are facing a fine of only $28 million.