FILE PHOTO: A man walks in front of the headquarters of Petroleo Brasileiro S.A. in Rio de Janeiro, Brazil March 9, 2020. REUTERS/Sergio Moraes
Javier Aguilar, a former Vitol Group manager based in Houston, was charged on Tuesday with conspiracy and money laundering involving a $870,000 bribe to Ecuadorian government officials in order to win a $300 million oil contract. It marked the first indictment of an employee of a top commodities trading house in the probe.The U.S. investigation mirrors efforts in Brazil, where prosecutors are also investigating people connected to trading houses Vitol, Glencoreand Trafigura [TRAFGF.
Trafigura said it has a zero tolerance policy on bribery and corruption. “Any suggestion that Trafigura’s current management knew that its payments would be used to make improper payments to employees of Petrobras is not correct,” Trafigura said.Luiz Eduardo Andrade, a Brazilian consultant, separately pleaded guilty to acting as a go-between to win contracts with Brazil’s Petrobras, according to a DOJ statement. Andrade did not reply to requests for comment.
Andrade and former Petrobras oil trader Rodrigo Berkowitz were arrested in the United States in December 2018 as part of Brazil’s Car Wash investigations. They have been cooperating with the DOJ and Brazil prosecutors in parallel investigations targeting the oil trading houses, according to two people close to the matter in Brazil.
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