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Tue 17 Nov 2009 10:15 AM

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Kuwait bourse stops Agility share trading

Suspension implemented pending clarification of a statement from logistics giant.

The Kuwait bourse on Tuesday said it had halted trading in shares in
Agility

.

The bourse said the suspension was implemented pending clarification of a statement it had received from the company.

Earlier, the Dubai bourse published a statement from
Agility

about its US indictment on Monday.

A US grand jury indicted
Public Warehousing Company

, KSC
(PWC)

, also known as
Agility

, charges of fraud and conspiracy alleging that it overcharged the US Army on $8.5bn worth of contracts to provide food to soldiers in Iraq, Kuwait and Jordan. (Reuters)

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