US Forms ‘Strike Force' to Probe Government Procurement Fraud

The US Justice Department announced on 5 November that it has created an inter-agency partnership to investigate and prosecute bid-rigging conspiracies and other crimes that undermine competition in the federal government’s purchase of goods and services. The new Procurement Collusion Strike Force (PCSF) consists of federal prosecutors from across...

The US Justice Department announced on 5 November that it has created an inter-agency partnership to investigate and prosecute bid-rigging conspiracies and other crimes that undermine competition in the federal government’s purchase of goods and services.

The new Procurement Collusion Strike Force (PCSF) consists of federal prosecutors from across the United States, as well as investigators from several US agencies, including the Department of Defense (DoD) Office of Inspector General.

Officials said that bid-rigging and other anti-competition crimes artificially inflate prices, potentially costing the federal government and US taxpayers billions of dollars a year. The government spent more than USD550 billion on contracts for goods and services last year.

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Source: www.janes.com