Second firm barred in US Navy probe
THE US Navy said on Wednesday it has suspended a maritime-services company from doing business with the US government due to questionable conduct, the second firm barred in a widening corruption probe that has resulted in action against seven Navy officials.
The Navy suspended British-based Inchcape Shipping Services and its affiliated companies from contracting with the US government on Nov 26, Rear-Admiral John Kirby, a Navy spokesman, said in a statement.
The Navy move affects contracts with Inchcape Shipping Services that potentially were worth some US$243 million (S$305 million) for maritime services, mainly in the Middle East, Italy and Singapore, a Navy official said.
The suspension came in the midst of a corruption investigation into the business practices of Singapore-based Glenn Defense Marine Asia and its chief executive, Leonard Glenn Francis, who was arrested in September and charged with bribing Navy officials to win business.