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Ecuador Political News

2 Oil Companies Accused of Bribery in Petroecuador

QUITO.NOV.27.11.2020 (Ane Agency) ._ A former manager of the oil company Vitol and the Sargeant Marine company were investigated and accused by the North American justice of bribing officials of the state-owned PETROECUADOR and money laundering between 2016 and 2018.

The Ecuadorian officials or former officials involved have not yet been identified and if they were, no investigation has been opened by the State Attorney General’s Office. The Vitol oil company case began after a federal grand jury in Brooklyn, USA, formally accused the Mexican oil businessman, Javier Aguilar, of having bribed PETROECUADOR officials. Aguilar was charged with two counts: conspiracy to violate US legal control against acts of corruption, FCPA and money laundering.

According to the North American judicial investigation, this subject allegedly paid $ 870,000 in bribes to help him win a contract for the sale of fuel for $ 300 million summoned by the state-owned PETROECUADOR. According to the investigation, Aguilar and officials from the state oil company simulated the signing of several consulting agreements with intermediaries and shell companies abroad to pay for receiving the bribes. The accused held an important position in the Vitol group, which has its headquartered in Belgium and which, among its activities, is dedicated to the oil trade.

To read the full story on Noticias Equinoccio, click here.



#Factsmatter: An international arbitration panel found ‘no cogent evidence’ supporting #Ecuador’s claim that #Texaco failed to comply with terms of remediation in #Amazon.
The @WSJ sums this case up nicely, “[Steven Donziger] and his team fabricated evidence, promised $500,000 to an #Ecuadorean judge to rule in their favor, ghostwrote much of the final verdict and took other actions that ‘perverted’ the course of #justice. Mr. Donziger disputes the…
Shameless. Disbarred and convicted of criminal contempt of court for bribing an Ecuadorian judge in an attempted extortion scheme, @SDonziger is nonetheless accepting invitations to speak at #climate rallies. Read more about this adjudicated racketeer:
Sworn testimony: While Texaco met its environmental obligations in the Amazon, #Ecuador’s national oil company did “absolutely nothing” to address its own remediation in the area. #FactsMatter:
DENIED: @SCOTUS rejects hearing case of Steven Donziger, who bribed Ecuadorian judge in failed effort to bilk Chevron for billions of dollars.

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