ADVERTISEMENT

South Korean firms to plead guilty to rigging U.S. military fuel bids


  • World
  • Thursday, 15 Nov 2018

WASHINGTON (Reuters) - Three South Korean companies will plead guilty to criminal charges and pay $82 million (£63.2 million) in fines for their role in a long-running conspiracy to fix the price of fuel sold to U.S. military bases in South Korea, the Justice Department said on Wednesday.

SK Energy Co Ltd, GS Caltex Corp, and Hanjin Transportation Co Ltd further agreed to pay $154 million to the United States for civil antitrust and false claims related to the bid-rigging conspiracy, the department said.

   

ADVERTISEMENT