Comments on: Agility Fraud Case Implications http://www.alphadinar.com/2009/11/18/agility-fraud-case-examined/ Finance blog focusing on the Arabian Gulf region (GCC) Wed, 08 Feb 2012 22:41:24 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: PINTO http://www.alphadinar.com/2009/11/18/agility-fraud-case-examined/comment-page-1/#comment-16112 PINTO Mon, 26 Jul 2010 12:31:19 +0000 http://www.alphadinar.com/?p=2645#comment-16112 No doubt, Agility as a whole is a very good company but the management of Agility dubai (i.e The Jorgan-Peterson & co), in particular has spoiled the image of Agility in Dubai & in the world to the ground zero. I would say, these 2 guys have played a vital role in losing many clients including kbr contract specially in Dubai. I would suggest that, the Agility high command in Dubai must take immediate action against these two guys & save some lost prestiege in dubai market. No doubt, Agility as a whole is a very good company but the management of Agility dubai (i.e The Jorgan-Peterson & co), in particular has spoiled the image of Agility in Dubai & in the world to the ground zero. I would say, these 2 guys have played a vital role in losing many clients including kbr contract specially in Dubai.
I would suggest that, the Agility high command in Dubai must take immediate action against these two guys & save some lost prestiege in dubai market.

]]> By: Agility Desperate to Settle with US Government « Alpha Dinar- talking GCC finance http://www.alphadinar.com/2009/11/18/agility-fraud-case-examined/comment-page-1/#comment-8152 Agility Desperate to Settle with US Government « Alpha Dinar- talking GCC finance Tue, 06 Apr 2010 04:39:10 +0000 http://www.alphadinar.com/?p=2645#comment-8152 [...] 4. Agility Fraud Case Implications [...] [...] 4. Agility Fraud Case Implications [...]

]]> By: Technical Trade: Agility Awaiting a Rebound « Alpha Dinar- talking GCC finance http://www.alphadinar.com/2009/11/18/agility-fraud-case-examined/comment-page-1/#comment-3477 Technical Trade: Agility Awaiting a Rebound « Alpha Dinar- talking GCC finance Wed, 23 Dec 2009 16:25:18 +0000 http://www.alphadinar.com/?p=2645#comment-3477 [...] the KSE index which shed 10% only. After the lawsuit filed against Agility in mid-November (Details), the stock tumbled 37.5%, then it took a breather in mid-Decembera. The breather was short-lived [...] [...] the KSE index which shed 10% only. After the lawsuit filed against Agility in mid-November (Details), the stock tumbled 37.5%, then it took a breather in mid-Decembera. The breather was short-lived [...]

]]> By: Keynesian http://www.alphadinar.com/2009/11/18/agility-fraud-case-examined/comment-page-1/#comment-2869 Keynesian Mon, 23 Nov 2009 13:25:56 +0000 http://www.alphadinar.com/?p=2645#comment-2869 You are right. The contract is worth $8.5Bn and not the losses. This means that minimum losses would be in the $120-$136 million range. Although this new amount wouldn't cause the company to be "gone", it is the debarring from future contracts part that is very tough to swallow and crushes the cocmpany's valuation. Thanks again. You are right. The contract is worth $8.5Bn and not the losses. This means that minimum losses would be in the $120-$136 million range. Although this new amount wouldn’t cause the company to be “gone”, it is the debarring from future contracts part that is very tough to swallow and crushes the cocmpany’s valuation. Thanks again.

]]> By: Tom Pleasant http://www.alphadinar.com/2009/11/18/agility-fraud-case-examined/comment-page-1/#comment-2864 Tom Pleasant Mon, 23 Nov 2009 10:28:12 +0000 http://www.alphadinar.com/?p=2645#comment-2864 >"According to Mr.Shelnutt, if convicted of violations of >the False Claims Act, Agility faces probation and a fine of >up to twice the gain it realized or twice the loss to the >United States. The company’s market cap stands at ≈ $1Bn. >If convicted, Agility will be required to pay the US >government ≈ $17Bn. This means the company would be gone." If Agility defrauded the US out of $60 million on a series of food supply contracts worth $8.5 billion surely that would mean it stands to pay a fine of $120 million, only more if the US military paid more than Agility gained. Where did the $17 billion figure come from? How did the US lose out of $8.5 billion? >”According to Mr.Shelnutt, if convicted of violations of >the False Claims Act, Agility faces probation and a fine of >up to twice the gain it realized or twice the loss to the >United States. The company’s market cap stands at ≈ $1Bn. >If convicted, Agility will be required to pay the US >government ≈ $17Bn. This means the company would be gone.”

If Agility defrauded the US out of $60 million on a series of food supply contracts worth $8.5 billion surely that would mean it stands to pay a fine of $120 million, only more if the US military paid more than Agility gained. Where did the $17 billion figure come from? How did the US lose out of $8.5 billion?

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