UPDATE 1-INSIGHT-Vitol, rival oil traders in spotlight of Brazil bribery probe [Reuters (UK)]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Reuters
UPDATE 1-INSIGHT-Vitol, rival oil traders in spotlight of Brazil bribery probe | Reuters 10 Min Read * Prosecutors say their focus turning to foreign oil companies * Employees at state oil firm took bribes for contracts - judge * Networks of middlemen circled top executives - documents * Vitol’s agent, Trafigura employees part of schemes - judge * Key figures on oil traders: tmsnrt.rs/2zWgcLA (Updates paragraph 30 to add that Ljungberg has already been charged in a separate Car Wash case) By Brad Brooks and Julia Payne SAO PAULO/LONDON, Dec 13 (Reuters) - Brazil’s epic “Car Wash” corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed. But graft allegations lodged by prosecutors last week against four of the world’s largest oil trading companies - Vitol SA, Trafigura, Glencore PLC and Mercuria Energy Group - have opened an explosive new phase in the long-running probe. Federal prosecutors allege the European
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