SAN JUAN, Puerto Rico (AP) A federal control board overseeing Puerto Ricos finances filed a lawsuit on Sunday to recover what it called massive fraudulent payments made by the islands power company to fuel suppliers for more than a decade.
The lawsuit was filed against fuel companies Trafigura and Vitol for allegedly supplying low-grade oil as well as three laboratories accused of receiving money for falsifying tests on oil bought by Puerto Ricos Electric Power Authority.
The board said billions of dollars of alleged overpayments from 2002 to 2015 led in part to the power companys insolvency and caused it to slide deeper into debt, noting that fuel oil purchases are its single largest expense.
Customers and creditors were harmed, …
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