Financial Crime Financial Crime

Petroecuador too corrupt to deserve restitution in US bribe case, prosecutors say

By Richard Vanderford
  • 26 Mar 2021 15:12
  • 09 Apr 2021 14:41
Petroecuador was complicit in corruption that pervaded the company and doesn't deserve restitution from a businessman who allegedly paid bribes to officials, US prosecutors said.

The widespread corruption at Petroecuador, Ecuador's state-owned energy company, bars it from being entitled to restitution under US law meant to compensate victims of crimes, prosecutors said in

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