Korean Oil Companies - Procurement Fraud/Bid-Rigging ($363 million)
91吃瓜网represented a whistleblower in a False Claims Act case alleging several Korean oil and transportation companies engaged in a bid-rigging scheme to artificially inflate the price the US military paid for fuel contracts for its bases in South Korea. 聽Ultimately, five different entities paid a total of聽$363 million: In November 2018, SK Energy, GS Caltex, and Hanjin Transportation agreed to pay聽$246 million聽to resolve both criminal and civil claims; and in March 2019, Hyundai Oilbank and S-Oil Corporation agreed to pay $127 million to resolve both criminal and civil claims.聽 The settlements represent the largest False Claims Act antitrust recovery ever. 聽Our client received a whistleblower award of roughly $37 million. 聽Read more聽— , , , , CC.
Tagged in: Bribery and Bid-Rigging, FCA Federal, Government Procurement Fraud, Whistleblower Rewards,