Today's NY Times begins the tale of Inchcape Shipping Services and the U.S. Navy. I suspect the story is only beginning, as no Navy personnel have been mentioned as being involved. Inchcape, which happens to be owned by the government of Dubai, had a very simple scheme. It paid commissions to subcontractors willing to give large discounts, then pocketed the difference instead of refunding it to the Navy. The difference was in the millions and the scheme went on for years. At the same time the Navy extended its contract with Inchcape although the Justice Department had begun investigating a whistle-blower's allegations of fraud and thievery.
Stay tuned.
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