The Kuwaiti firm indicted last month for allegedly overcharging the Army on a multibillion-dollar contract to supply food to U.S. troops in Iraq, Kuwait and Jordan has announced it is negotiating with the Justice Department to settle the case.
Public Warehousing Co. made the announcement in a statement posted Monday on the Kuwait Stock Exchange Web site and added: "No deal has been struck so far and there are no guarantees that the negotiations will result in a settlement."
Last month, Public Warehousing -- which is in the process of changing its name to Agility -- was indicted in Atlanta for allegedly submitting inflated bills and false claims for food and other products supplied to the U.S. military over the past six years in contracts worth $8.5 billion. The company has denied the charges.
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