Kuwait Agility to pay $600 mln in fraud case

* username: rupertbu

Kuwait's logistics firm Agility is to pay the U.S. government $600 million to settle fraud charges, an Arabic-language daily reported on Friday, citing unnamed sources.

Agility and the U.S. government reached a preliminary agreement and the sum would be paid over three years, Kuwait's Al-Jarida newspaper said.

The Kuwaiti firm, formerly Public Warehousing Co K.S.C., is in talks to resolve an indictment accusing it of overcharging the U.S. Army on supply contracts in Iraq, Kuwait and Jordan.