Keith Johnson, 46, and his wife, Angela Johnson, 44, of Maryville, Tenn., pleaded guilty today to their roles in a $9.7 million procurement fraud scheme. The Johnsons were indicted by a federal grand jury on conspiracy to commit wire fraud and wire fraud charges. Keith Johnson faces a maximum penalty of 20 years in prison, […]
The Navy said Wednesday that it had suspended a ship-supply company for significantly overcharging on a contract, the second such suspension since mid-September. The company, Inchcape Shipping Services, owned by the Dubai-based Istithmar World, mainly supplies Navy ships in the Mediterranean and the Middle East. The Navy is already grappling with a criminal investigation of its […]
WASHINGTON — The Navy has suspended another contractor that services and supplies Navy ships and submarines, this time for what the Navy called "questionable business integrity." The Navy announced Wednesday evening provided no details on allegations against the company, Inchcape Shipping Services Holding Ltd., whose website describes it as one of the world's leading maritime […]
WASHINGTON — The Navy has terminated more than $200 million in contracts with the defense contractor at the center of a widening scandal involving high-ranking officers, prostitutes and bribes. The Navy ended three contracts for cause with Glenn Defense Marine Asia valued at $196 million, according to a Navy official who spoke on condition of […]
Iraqi Consultants and Construction Bureau (ICCB) has paid the U.S. $2.7 million to resolve allegations that it violated the False Claims Act by bribing a U.S. government official to obtain U.S. government contracts in Iraq, the Department of Justice announced. ICCB is a privately owned construction company headquartered in Baghdad, Iraq. “Bribery will not be […]