Iraq: Total, Vitol Fined in Iraq Oil-for-Food Case by French Court

Feb 26, 2016 | Gaspard Sebag, Bloomberg
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French oil company Total SA was fined 750,000 euros ($826,125) after judges found it guilty of corruption in Iraq’s oil-for-food program. Total is guilty of corrupting foreign civil servants, judges at the Paris court of appeals said in a Friday ruling. The penalty comes after Total was cleared of all charges by a Paris court in 2013. Total’s lawyer, Jean Veil, said he was “disappointed” by the ruling. The French company said through a spokeswoman that it is evaluating its next move.