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Procurement fraud uncovered in US government agency11 Oct 2011Source: Government News
According to the indictment, the two former members of the US Army Corps of Engineers – a federal agency and army command – helped funnel more than US$45 million in payments to a favoured company through a federal government contract they oversaw. According to the indictment, approximately US$20 million in fraudulent expenses were built into the invoices, and proceeds went to all four defendants. |