A former representative for commodities giant Gunvor pleaded guilty Tuesday to helping channel more than $22 million in bribes to high-level officials in Ecuador in exchange for lucrative contracts with the state-run oil company. As part of his plea deal in Brooklyn federal court, Raymond Kohut agreed to forfeit $2.2 million in proceeds from the bribery scheme, which he said ran from at least 2012 to August 2020. Kohut faces up to 20 years in prison. The 68-year-old Canadian citizen primarily resides in Panama and the Bahamas. He entered his guilty plea from Long Island, New York. Switzerland-based Gunvor said it was ... (full story)