Tuesday 27 April 2010

U.S. and Kuwait's Agility near deal on fraud case

The U.S. government says it is close to a deal with Kuwaiti logistics company Agility (AGLT.KW), which is accused of defrauding the U.S. military in the Middle East on multibillion-dollar supply contracts.

There was no word on Monday on the timing or terms of a possible deal between prosecutors and Agility, the main supplier to the U.S. Army in the Gulf.

But for the first time, the government has acknowledged negotiations toward a settlement.

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