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News/Compliance & Enforcement/Gunvor Group Former Employee Pleads Guilty to FCPA Scheme to Pay Bribes to Ecuadoran Government Officials
Expert Opinion·Compliance & Enforcement Brief

Gunvor Group Former Employee Pleads Guilty to FCPA Scheme to Pay Bribes to Ecuadoran Government Officials

Canadian national Raymond Kohut, a former employee of Swiss commodities trader Gunvor Group, Ltd., has pleaded guilty to paying $22 million in bribes to Ecuadoran government officials at state-run PetroEcuador, and agreed to pay $2.2 million.

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