World News
Another Navy Officer Charged in Bribe Scandal
A third U.S. Navy officer has been charged in an ongoing probe into a bribery scandal involving Singapore-based husbandry firm Glenn Defense Marine Asia (GDMA), U.S. news channel ABC News reports.
Navy Commander Jose Luis Sanchez was arrested Wednesday on charges that he provided classified information on ship movements to GDMA CEO Leonard Glenn Francis in return for cash, hotel rooms, and female escorts.
Two other Navy officers, Captain-select Michael Misiewicz and Naval Criminal Investigative Service (NCIS) Supervisory Agent John Beliveau II, were already charged, and two GDMA officials, Francis and Alex Wisidagama, the company's general manager for global government contract, have also been charged.
The accused are said to have inflated fuel prices, submitted false bids, and otherwise illegally driven up prices for bunkers and other goods and services sold by GDMA.
"As described in corruption charges unsealed today, senior officials with the United States Navy abused their trusted positions as leaders in our armed forces by peddling favorable treatment—and even classified government information—for their personal benefit," Acting Assistant Attorney General Mythili Raman said in a statement.
"Day by day, this massive Navy fraud and bribery investigation continues to widen, and as the charges announced today show, we will follow the evidence wherever it takes us."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 504.50 | 2.50 | 620.00 | 3.00 |
| Rotterdam | 456.00 | 1.50 | 621.50 | 2.00 |
| Houston | 476.00 | 7.00 | 624.00 | 1.00 |
| Fujairah | 496.50 | 2.00 | 713.00 | 2.50 |
| Global 20 Ports Average | 526.50 | 0.50 | 712.00 | 0.50 |
| Global 4 Ports Average | 483.00 | 2.00 | 644.50 | 0.50 |
| Global Average Bunker Price | 570.50 | 1.50 | 751.00 | 1.00 |
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