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Violation Tracker Individual Record

Company: GS Caltex Corporation
Current Parent CompanyGS Caltex
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $57,500,000
Year: 2018
Date: November 14, 2018
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: False Claims Act and related
Violation Description: South Korea-based companies SK Energy Co. Ltd., GS Caltex Corporation, and Hanjin Transportation Co. Ltd. agreed to pay a total of $154 million to resolve civil antitrust and False Claims Act allegations relating to a decade-long bid-rigging conspiracy that targeted contracts to supply fuel to United States Army, Navy, Marine Corps, and Air Force bases in South Korea. They separately settled related criminal charges.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: civil
HQ Country of Current Parent: South Korea
Ownership Structure of Current Parent: joint venture (owned 50-50 by Chevron and GS Group)
Major Industry of Current Parent: oil and gas
Specific Industry of Current Parent: oil & gas
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.