Violation Tracker Individual Record

Company: 
Vitol Inc.
Current Parent Company: 
Vitol
Penalty: 
$135,000,000
Year: 
2020
Date: 
December 3, 2020
Offense Group: 
competition-related offenses
Primary Offense: 
Foreign Corrupt Practices Act
Violation Description: 

Vitol Inc. agreed to pay a combined $135 million to resolve the Justice Department's investigation into violations of the Foreign Corrupt Practices Act and to resolve a parallel investigation in Brazil. The resolution arose out of allegations that Vitol paid bribes to officials in Brazil, Ecuador, and Mexico. Vitol also agreed to disgorge more than $12.7 million to the Commodity Futures Trading Commission in a related matter and to pay the CFTC a penalty of $16 million related to trading activity not covered by the deferred prosecution agreement with the department (see separate CFTC entry).

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
deferred prosecution agreement
HQ Country of Parent: 
Switzerland
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
energy and commodity trading
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.