![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
CORRUPTION * USA - Allegations made against Panalpina and EGL
Washington,DC,USA -Transport Intelligence (UK), by Thomas Cullen -10 May 2010: -- The American Department of Justice has entered a case against Panalpina, EGL (now part of CEVA) and the defence contractor Kellogg Brown and Root (KBR) alleging corruption in forwarding contracts for logistics serving US forces in Iraq... According the US Department of Justice the allegations are related to earlier cases against EGL concerning "non-existent charges for war risk insurance in invoices to KBR for air shipments to Iraq". These resulted in EGL being fined $4m and two EGL managers being convicted of criminal charges. The Department of Justice also asserts that EGL was fined over $1m over issues of over charging for container demurrage and bribing KBR employees in Kuwait... In such cases any defendant found guilty is liable not only to fines but is required to compensate the government for any losses it may have incurred from the illegal activity. This often amounts to larger sums than the fines themselves... Although EGL appears to have limited the damage of the earlier convictions, Panalpina has suffered badly from previous cases of alleged corruption. Most recently its Nigerian business was shut down as a result of a case again launched from the US, therefore these latest allegations must be particularly uncomfortable... (Photo: Panalpina flag)
Labels: corruptions
posted by Unknown @ 5:23 AM
0 Comments:
Post a Comment
<< Home