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Geneva oil trader reaches $661M settlement with US, Swiss authorities over bribery in Ecuador

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Geneva oil trader reaches $661M settlement with US, Swiss authorities over bribery in Ecuador

Geneva-based commodities trading firm Gunvor said Friday that it has reached $661 million settlement with U.S. and Swiss prosecutors after a conviction for bribery of foreign officials in connection with the petroleum industry in Ecuador

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Geneva oil trader reaches $661M settlement with US, Swiss authorities over bribery in Ecuador

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Geneva oil trader reaches $661M settlement with US, Swiss authorities over bribery in Ecuador

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