The Kuwait bourse has halted trading in Agility pending clarification of reports that the logistics firm is near to a settlement in its US fraud case, the bourse said in a statement on Monday.
Several Kuwaiti newspapers carried reports on Monday about Agility seeking a settlement of up to $600 million with the US government.
In November, a US grand jury indicted Agility on charges of fraud and conspiracy alleging that it overcharged the US Army on $8.5 billion worth of contracts to provide food to soldiers in Iraq, Kuwait and Jordan.-Reuters
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