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Vitol Paid Out $75 Million to Trader Convicted of Corruption
Source: Bloomberg
Legal & LitigationManagement & GovernanceCommodities & Raw Materials
Vitol Group paid $75 million to buy out a former employee charged with conspiring to bribe government officials, according to court documents. The commodity trader reportedly continued making payments after the employee's landmark corruption trial, creating material legal, governance and reputational risk.
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