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Exclusive: FBI investigating top Vitol executives in Americas - sources

Reuters  |  RIO DE JANEIRO 

By Brad Brooks

RIO DE JANEIRO (Reuters) - The FBI is investigating trading firm Vitol's top two executives in the in connection with a Brazil bribery case involving deals with Petroleo Brasileiro SA, two sources with direct knowledge of the matter told

Mike Loya, Houston-based of in the United States, and Antonio Maarraoui, the company's for Latin American and the Caribbean, are under investigation by the U.S. law enforcement agency, the sources said, speaking on condition of anonymity. Brazilian prosecutors previously said that the pair had direct knowledge of a kickback scheme with

Vitol, the world's top independent oil trader, said it has a zero tolerance policy for bribery and corruption. Neither Loya nor Maarraoui responded to e-mail requests for comment.

John Marzulli, a for the Eastern District of New York Richard Donoghue, on Wednesday declined to confirm or deny that an investigation into the men is underway by the office. The FBI did not respond to requests for comment.

(Reporting by in Rio de Janeiro; Additional reporting by in and Julia Payne in Geneva; Editing by Will Dunham)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 13 2019. 21:04 IST
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