Exillon Energy to pay FSA fine

Oil group Exillon Energy has settled a fine with the Financial Services Authority (FSA) over its failure to disclose payments made to its former Chairman.

Oil group Exillon Energy has settled a fine with the Financial Services Authority (FSA) over its failure to disclose payments made to its former Chairman.

Exillon was ordered to pay £292,950 relating to the payment of £930,000 to Maksat Arip, the Chairman of the company at the time the payments were made, between January and December of 2010.

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