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Three S. Korean firms to pay US$ 236 mil. for involvement in bid-rigging scheme: U.S. Justice Dept.

2018-11-15 2 Dailymotion

Three South Korean petroleum and refinery companies have pleaded guilty to criminal charges and agreed to pay a total of 2-hundred-36 million U.S. dollars for their involvement in a bid-rigging scheme to supply U.S. military bases in Korea. <br />According to the U.S. Department of Justice on Wednesday,… three companies,... SK Energy,... GS Caltex and Hanjin Transportation,... are accused of being involved in a conspiracy to suppress competition during the bidding process for fuel contracts from years 2005 to 2016.<br />The U.S. Justice Department said.... the settlement is part of a larger investigation involving other companies. <br />

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