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S. Korean Firms to Plead Guilty to Rigging US Military Fuel Bids

Three South Korean companies will plead guilty to criminal charges and pay $82 million in fines for their role in a long-running conspiracy to fix the price of fuel sold to U.S. military bases in South Korea, the Justice Department said on Wednesday. SK Energy, GS Caltex, and Hanjin Transportation further agreed to pay $154 million to the United States for civil antitrust and false claims related to the bid-rigging conspiracy, the department said. Assistant Attorney General Makan...

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