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UPDATE 2-Former Gunvor employee pleads guilty in Petroecuador bribery case

UPDATE 2-Former Gunvor employee pleads guilty in Petroecuador bribery case Reuters 3 hrs ago (Recasts first two paragraphs, adds details on bribery probes) Popular Searches By Chris Prentice and Jonathan Stempel NEW YORK, April 6 (Reuters) - A Canadian man once employed by the commodities trading house Gunvor Group pleaded guilty on Tuesday to involvement in what U.S. prosecutors called a scheme to bribe Ecuadorean government officials to win business from state-controlled oil company Petroecuador. Raymond Kohut, 68, entered his plea to a money laundering conspiracy charge before U.S. District Judge Eric Vitaliano in Brooklyn, New York. He faces up to a 20 years in prison and agreed to a $2.2 million criminal forfeiture.

Oil trader admits to role in major Ecuador bribery scheme

ABC News Turn on desktop notifications for breaking stories about interest? OffOn Oil trader admits to role in major Ecuador bribery scheme A former employee of commodities trading giant Gunvor has pleaded guilty to helping pay more than $22 million in bribes to high-level officials in Ecuador in exchange for contracts with the state-run oil company By JOSHUA GOODMAN Associated Press Writer April 6, 2021, 6:39 PM • 3 min read Email this article MIAMI A former representative for commodities giant Gunvor pleaded guilty Tuesday to helping channel more than $22 million in bribes to high-level officials in Ecuador in exchange for lucrative contracts with the state-run oil company.

Oil trader admits to role in major Ecuador bribery scheme

Oil trader admits to role in major Ecuador bribery scheme
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