[Audio] Episode 175 -- A Deep Dive into the Vitol FCPA Settlement
By EsqSocial Corporation 22/12/20
The Justice Department continues to produce FCPA resolutions in a record year for enforcement. The latest is DOJ’s settlement with Vitol, Inc. (Vitol), an energy trading company. DOJ agreed to a three-year deferred prosecution agreement (DPA) in exchange for a criminal penalty of $135 million. One-third of the payment, or $45 million, would be credited if Vitol pays $45 million to Brazil prosecutors for resolution of the case. Vitol also agreed to a civil settlement with the Commodities...
By: Michael Volkov