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Violation Tracker Individual Record

Company: VITOL, S.A.
Current Parent CompanyVitol
Parent at the Time of the Penalty Announcement subscribe to see this data field
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 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)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.