XOM - US Authorities Probe Sanctions Enforcement in Russian Oil Trade | Benzinga
The U.S. Justice Department is intensifying its efforts to clamp down on violations of sanctions imposed on Russia's energy exports, with a particular focus on Murtaza Lakhani, the founder and CEO of Mercantile & Maritime Group, an oil trading and shipping company headquartered in Bahrain and Singapore.
The ongoing investigation aims to determine if charges will be filed against Lakhani, WSJ notes, whose company has a history of operating in complex regions, including Saddam Hussein-era Iraq, Iraqi Kurdistan, and Venezuela.
Lakhani's connection ...