Violation Tracker Individual Record

Company: 
VITOL, S.A.
Current Parent Company: 
Vitol
Penalty: 
$17,500,000
Year: 
2007
Date: 
November 20, 2007
Offense Group: 
competition-related offenses
Primary Offense: 
kickbacks and bribery
Violation Description: 

VITOL pleaded guilty to paying kickbacks to Iraqi officials in connection with oil purchases under the oil for food program. It was ordered to pay the $13 million it paid in kickbacks to the program, plus $4.5 million in fines.

Level of Government: 
local
Action Type: 
agency action
Agency: 
Manhattan (NY) District Attorney
Civil or Criminal Case: 
criminal
Private Lawsuit Resolution Type: 
verdict
Facility State: 
New York
Facility County: 
New York
Facility City: 
New York
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.