NEWARK, N.J. (AP) — Two executives of a shipping company Friday admitted defrauding the Pentagon of more than $5 million by inflating dozens of invoices.
Anil V. Rane, 53, president of Great Eastern Shipping Inc. of Rahway, and Mara Elena Fabros, 42, vice president, pleaded guilty to conspiracy and fraud.
The company had contracts to transport military or humanitarian aid overseas for the Pentagon on cargo ships.
They each face up to five years in prison and fines of up to twice the government's loss when sentenced July 23.
Rane and Fabros agreed to be barred from further defense contracts, Rane's lawyer said.