The Denver Post reports that a federal grand jury has indicted a Kuwait- based company for an alleged series of schemes that U.S. officials say amounted to a "massive overcharging" of the U.S. government for food the company provided to soldiers stationed overseas.
According to civil court records, the alleged acts have cost taxpayers more than $1 billion.
The criminal indictment, which was unsealed Monday, accuses the company of conspiracy, major fraud, false statements, submitting false claims and wire fraud.
The publicly traded multinational company does business under the name Agility but was charged under its old name, Public Warehousing Co., or PWC. According to its website, it has 37,000 employees in 120 countries. The company's commercial division, Agility Global Integrated Logistics, has its American offices in Irvine, Calif.
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