Stolt-Nielsen

(SNSA)

was indicted on criminal price fixing and bid-rigging charges.

The indictment of the London-based shipping company was handed up by a Philadelphia federal grand jury.

The indictment comes more than two years after the Justice Department voided an agreement in which Stolt-Nielsen was promised leniency in exchange for cooperating with the department's probe into an alleged parcel shipping cartel,

Reuters

reported.

The government said it revoked the leniency deal after learning that some top Stolt-Nielsen executives had continued to meet with competitors and participate in the conspiracy for months after the scheme's discovery by Stolt-Nielsen's then-general counsel,

Reuters

reported.