S. Korean Oil Cos. To Pay $126M For Bid-Rigging Scheme

By Kaitlyn Burton and Bryan Koenig (March 20, 2019, 8:55 PM EDT) -- Two South Korean petroleum and refinery companies have agreed to plead guilty and pay $126 million in criminal fines and civil damages for rigging bids on defense fuel supply contracts, the U.S. Department of Justice's antitrust chief said Wednesday....

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