Rigging Bids on Department of Defense Fuel Supply Contracts – Civil Settlement
The U.S. Department of Justice filed a civil complaint against three South Korea-based companies, including SK Energy Co. Ltd., alleging the companies participated in a decade-long bid-rigging conspiracy involving contracts to supply fuel to U.S. Army, Navy, Marine Corps, and Air Force bases in South Korea. According to the complaint, the three companies “defrauded the U.S. military by fixing prices and rigging bids for the contracts” and “met and communicated in secret with other large South Korean oil refiners and logistics companies, and pre-determined which conspirator would win each contract.” The government alleged the companies “and their co-conspirators illegally overcharged American taxpayers by well over $100 million.” SK Energy paid $90.4 million to settle civil antitrust (Sherman Act) and False Claims Act charges. SK Energy also paid a fine to settle a related criminal case (see SK Holdings Co., Ltd. instance, “Rigging Bids on Department of Defense Fuel Supply Contracts – Criminal Prosecution).
- Misconduct Type
- Government Contract Fraud
- Enforcement Agency
- Contracting Party
- Defense - General
- Court Type
- Date of Settlement Announcement
|SK Holdings Co., Ltd.||$90,384,872|
Rigging Bids on Department of Defense Fuel Supply Contracts – Criminal Prosecution
SK Holdings Co., Ltd.