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It's the kind of blockbuster plot twist normally reserved for the movies. Oil giant Chevron (CVX), enduring a barrage of negative publicity from a $27 billion environmental class-action lawsuit filed in Ecuador, unveiled a series of secretly recorded videos that suggests the judge in the case has already decided to rule against Chevron and is scheming with representatives of the ruling party of Ecuadorean President Rafael Correa to collect a $3 million bribe from a company purportedly angling to win some of the cleanup business.
It's the kind of blockbuster plot twist normally reserved for the movies. Oil giant Chevron (CVX), enduring a barrage of negative publicity from a $27 billion environmental class-action lawsuit filed in Ecuador, unveiled a series of secretly recorded videos that suggests the judge in the case has already decided to rule against Chevron and is scheming with representatives of the ruling party of Ecuadorean President Rafael Correa to collect a $3 million bribe from a company purportedly angling to win some of the cleanup business.
The videos and transcripts in English and Spanish were posted on Chevron's Web site on Aug. 31. Chevron said it has referred the evidence to the prosecutor general in Quito and the U.S. Justice Dept. in Washington. The company is asking that Ecuadorean Judge Juan Nuez be dismissed and all his prior rulings disqualified. "No judge who has participated in meetings of the type shown on these tapes could possibly deliver a legitimate decision," said Chevron's former general counsel and now Executive Vice-President Charles James.
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