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Ecuador Political News

Vitol bribery scheme involves Petroecuador


The oil transnational Vitol accepted having paid bribes in Ecuador, Brazil and Mexico and signed an agreement with the United States justice to cancel 135 million dollars as a penalty.

In the agreement document, it is reported that Javier Aguilar, currently accused in the United States, acted in the negotiations between Vitol and Petroecuador; two officials from Ecuador; two consultants; an intermediary; and a consulting firm.

It does not give the names of the Ecuadorians, but indicates that both the United States and Vitol have identified them; however, it offers some details of each involved…

To read the full story on Ecuavisa, click here.


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