FILE PHOTO: A Hyundai Oilbank logo is seen at a gas station in Seoul March 29, 2012. REUTERS/Kim Hong-Ji
WASHINGTON (Reuters) - South Korea's S-Oil Corp, Hyundai Oilbank Co [INPTVH.UL] and Jier Shin Korea Co took part in a bid-rigging scheme that led to more than $100 million (78.25 million pounds) in overcharges to the U.S. military, according to two sources with knowledge of the matter.
The three companies were not named in filings in U.S. federal court in Ohio that described a conspiracy that involved a total of six companies that overcharged U.S. military bases in South Korea for fuel.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
