Kuwaiti logistics firm Agility said on Sunday that the latest report about a new civil case filed against the firm was not true. "The new civil case it spoke about is not a new lawsuit against Agility, but a procedural amendment to the case that was announced in November 2009," Agility said in a statement on the Kuwaiti bourse website.
On Friday, Reuters reported that US prosecutors have filed a civil suit against Kuwaiti logistics company Agility, accusing it of defrauding the government over food product contracts to the US military in the Middle East worth $9.8 billion.
The firm's shares were down 5 percent at GMT 0723 on the news. A criminal case was filed in November 2009 when prosecutors accused Agility, formerly Public Warehousing Co K.S.C., of overcharging the US Army over 41 months on $8.5 billion in contracts first signed at the start of the Gulf War in 2003.
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