NICOSIA, Cyprus, July, 2012 /PRNewswire-USNewswire/ — Gunvor Group Ltd (Gunvor) has been notified by Swiss authorities that they are conducting an investigation into the activities of a former employee in the Republic of Congo (Congo–Brazzaville). Gunvor itself is not the object of the current investigation.
Gunvor is fully cooperating with Swiss authorities on the investigation, and Gunvor is also conducting a thorough internal investigation into these allegations.
Gunvor has rigorous regulatory corporate protocols and a strict compliance program. The compliance program is led by a Compliance Director, who provides oversight and training for all Gunvor trading centers worldwide. In addition, Gunvor has retained outside compliance experts Blaine & Maney to assist the company in maintaining and implementing high compliance standards.
The employee, who served as a business developer in Central Africa, is no longer employed by Gunvor.
About Gunvor Group Ltd
Gunvor Group Ltd, one of the world’s largest independent commodity trading companies by turnover, provides integrated trading products and logistics services for participants in the worldwide oil and energy markets. Based in Nicosia, Cyprus, the company’s main trading offices are in Geneva and Singapore, with a network of representative offices around the globe. Follow Gunvor on Twitter: @Gunvor.
SOURCE Gunvor Group