Agility ‘committed to resolve US dispute’

Kuwait, July 17, 2011

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 per cent on Sunday, dragging Kuwait's benchmark to a seven-year low. – Reuters

Tags: Agility | Kuwait | dispute | US court | Department of Justice |