Categories: Bribery in Business

The Global Oil Bribery Scheme Caught on Tape



The commodity trading industry has been known for shady behavior since the days of Marc Rich, the infamous godfather of the industry. But the landmark trial of Javier Aguilar has brought to life the inner workings of a modern-day bribery scheme in more detail than ever before. His testimony has painted a picture of an industry which has continued to write its own rules. The question now is whether it will ever change.

00:00 Introduction
00:46 Reporting
02:17 Aguilar and Vitol
03:16 The scheme
05:00 The FBI closes in
06:49 The verdict
07:53 Will things ever change?

——–
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1

Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals

Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it.

Subscribe for business news, but not as you’ve known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.

Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.

source

Corruption Buzz

Share
Published by
Corruption Buzz

Recent Posts

H&F Cracks Down on Housing Fraud in the Borough – FulhamSW6

[ad_1] H&F Cracks Down on Housing Fraud in the Borough  FulhamSW6 [ad_2] Source link

2 weeks ago

Bribery, corruption: What you should know – Daily Express Malaysia

[ad_1] Bribery, corruption: What you should know  Daily Express Malaysia [ad_2] Source link

2 weeks ago

Public housing fraud: Organised crime or a scam? – news.sky.com

[ad_1] Public housing fraud: Organised crime or a scam?  news.sky.com [ad_2] Source link

2 weeks ago

Hong Kong man loses HK$13 million in fake crypto investment app scam – Crypto News

[ad_1] Hong Kong man loses HK$13 million in fake crypto investment app scam  Crypto News [ad_2]…

2 weeks ago

Regent’s Sahed shown arrested in money laundering case – Daily Observer

[ad_1] Regent’s Sahed shown arrested in money laundering case  Daily Observer [ad_2] Source link

2 weeks ago

Khadeer Khan Mohammed – Office of Inspector General (.gov)

[ad_1] Khadeer Khan Mohammed  Office of Inspector General (.gov) [ad_2] Source link

2 weeks ago