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.
