Chad Republic has just fined Exxon Mobil $74 billion—almost seven times its GDP | WHAT REALLY HAPPENED


Chad Republic has just fined Exxon Mobil $74 billion—almost seven times its GDP

A court in the central African nation of Chad has ordered Exxon Mobil to pay $74 billion in fines, a record figure that is almost seven times the country’s gross domestic product.
The country’s high court announced the ruling following a complaint from the ministry of finance that a consortium led by Exxon hadn’t met its tax obligations, according to Bloomberg, The court also called for the payment of $819 million in royalty fees. The figure is the rough equivalent of a US court ordering a company to pay over $100 trillion dollars in fine.

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