Wednesday 28 July 2010

UPDATE 1-U.S. may dismiss charges against Agility unit | Reuters

Kuwaiti logistics firm Agility (AGLT.KW), facing U.S. fraud charges over military supply contracts, said the government wants to dismiss the indictment against one of its subsidiaries.

"The United States Attorney's Office in Atlanta moved to dismiss the indictment against Holdings, an Agility subsidiary," the firm said in a statement to the Dubai bourse on Wednesday.

"While the prosecutors' motives for seeking this dismissal at this time are unknown ... this request for dismissal comes after motions filed by Holdings to discover the government's evidence against it."

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