Oil & Gas Refining
Former Vitol oil trader founded guilty of Ecuador, Mexico corruption charges
A previous oil trader at Vitol, one of the world's largest energy trading companies, was convicted on Friday of corruption charges stemming from more than $1 million in kickbacks he paid to officials in Ecuador and Mexico to win organization. A federal jury in Brooklyn discovered Javier Aguilar guilty of three counts of foreign bribery, foreign bribery conspiracy, and money laundering conspiracy. Federal district attorneys in Brooklyn said Aguilar sent out allurement cash from his Geneva-based company to the authorities through a. series of middlemen and shell companies in violation of the. Foreign Corrupt Practices Act (FCPA), a U.S. law...