(Telestock) – Vitola global commodity trading giant that is acquiring the Italian SarasAnd investigated by the Dutch Public Prosecutor’s Office for its activities in KazakhstanBloomberg reports this, noting that the Prosecutor’s Office confirmed the investigation but refused to provide further details.
“Vitol has been contacted by a Dutch authority regarding some historical activities in Kazakhstan. Of course We will cooperate with any investigation“, a company spokesperson told Bloomberg.
This is just the latest investigation involving Vitol. This week, former Vitol trader Javier Aguilar pleaded guilty to charges of bribing Mexican and Ecuadorian officials. Last week, Vitol agreed to pay $500,000 to settle the charges Commodity Futures Trading Commission of the United States on exceeding aggregate position limits across multiple exchanges for oil and livestock contracts. In 2020, it agreed to a $160 million settlement with the Department of Justice of the United States over allegations that he paid bribes in three countries.
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