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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
Secondary Offense: kickbacks and bribery
Mega-Scandal: Foreign Bribery
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 Current Parent: Switzerland
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: energy and commodity trading
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.