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DoD settles with Iraq War oil supplier in fraud case
Federal Times: The International Oil Trading Co. (IOTC) announced May 3 it had reached an agreement with the Defense Logistics Agency–Energy (DLA) for unpaid fuel used by coalition troops during the Iraq War.
The Florida-based transportation and distribution company received $40 million for over 332 million gallons of fuel delivered to the DLA between July 2007 and August 2009. Accused of fraud in 2008, a recent Department of Defense investigation concluded “no fraud vulnerabilities were identified” in IOTC fuel contracts.
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