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Kuwait's Agility says committed to resolve US dispute
KUWAIT : Kuwaiti logistics firm Agility said it was committed to resolve the dispute with the US Department of Justice
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KUWAIT: Kuwaiti logistics firm Agility said it was committed to resolve the dispute with the US Department of Justice (DoJ), following an adverse ruling last week, the firm said in a statement on Sunday.
"The company continues to believe the case involves a civil contract dispute and should not be a criminal matter," Agility said in the statement.
A US appeals court ruled last week against an attempt by the firm Agility to avert prosecution over charges it defrauded the US Army in multibillion dollar contracts.
Agility shares slumped 6 percent on Sunday, dragging Kuwait's benchmark to a seven-year low.
Copyright Reuters, 2011
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