trending Market Intelligence /marketintelligence/en/news-insights/trending/UHZ9dDD6d0zLBxRvoQz4Bw2 content esgSubNav
In This List

Report: Citgo to cooperate with DOJ in bribery probe

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall

Blog

Insight Weekly: Challenges for European banks; Japan's IPO slowdown; carmakers' supply woes

Blog

Q4’21 US Power Forecast: Will high commodity prices accelerate the energy transition?


Report: Citgo to cooperate with DOJ in bribery probe

Refiner CITGO Holding Inc. said it will cooperate in the U.S. Department of Justice's investigation regarding the alleged bribery of U.S. suppliers to its former parent firm Venezuelan state-owned Petróleos de Venezuela SA, according to a June 3 report from Reuters.

The department is seeking records from Citgo for the bribery investigation.

The investigation has already resulted in charges against 21 people, with 16 pleading guilty as of this month.

Citgo told Reuters it has engaged outside counsel to conduct an independent investigation and will take remedial actions in response to the findings.