Two former co-chief executive officers of PetroTiger Ltd. paid bribes to an official atEcopetrol SA (ECOPETL), Colombia’s state-controlled oil company, for a $39.6 million oil-service contract, the U.S. charged.
The co-CEOs funneled payments through the wife of an official at Ecopetrol, Latin America’s second-largest oil company by market value, authorities said.
Plenty more where that came from.
As usual, innocent until proved guilty, and I’ll update the tale as more info arrives.
Now let’s see if the allegedly corrupt Colombian official takes any heat. Because if he took one bribe to approve a contract, it’s hard to believe it was the only time that happened. I bet he has some interesting e-mails laying about.
Update at midnight: W Radio cites our friends at Primera Página in this long story explaining what it thinks went down, in detail, in Spanish.