Last Friday, Gunvor was ordered to pay 662 million dollars to the American and Swiss authorities. The company is indexed in connection with a case of corruption of foreign public money in the oil sector in Ecuador

The Swiss energy trading company Gunvor has accepted responsibility for the actions of some of its former representatives and employees. Under the terms of the agreement, with the American authorities, it will have to pay a fine of 374,560.071 USD and will be forfeited 287,138,444 USD according to this that the company announces in a press release. The Swiss Federal Prosecutor's Office announced that the trader had also reached an amicable agreement to pay an amount of nearly 87 million Swiss francs (about 98.4 million dollars) in the same case. The agreement in both the United States and Switzerland takes into account the fact that the trader cooperated with the investigation, which contributed to a significant reduction in the fine, as well as the company's efforts to strengthen its compliance program