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For the first time in Switzerland, a multinational company faces a criminal trial Monday on charges of bribing a foreign public official, with alleged payments totaling about $5 million, to win ...
Brazilian prosecutors on Friday charged two former executives of oil trader Trafigura over allegations of paying at least $1.5 million in bribes to employees of state-run oil company Petroleo ...
Commodities trader Trafigura [TRAFGF.UL] has refused a judge's order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they ...
In December 2023, Wainwright was charged by the Swiss Federal Criminal Court and the US Department of Justice over allegations of bribing public officials in Angola and Brazil, together with two other individuals. In January 2025, he was sentenced to 32 months in prison on charges of bribery, with 20 months being suspended.
Trafigura is the third-largest physical commodities trading group in the world behind Vitol and Glencore. [60] Trafigura sources, stores, blends and transports raw materials including oil, refined petroleum products and non-ferrous metals, iron ore, and coal. [15] [61] It more recently added a third division, focused on gas, [7] power, and ...
Marc Rich (born Marcell David Reich; December 18, 1934 – June 26, 2013) was an international commodities trader, financier, and businessman.He founded the commodities company Glencore, and was later indicted in the United States on federal charges of tax evasion, wire fraud, racketeering, and making oil deals with Iran during the Iran hostage crisis.
Trafigura declined to comment, pointing to a prior statement about the case in which it said it takes the accusations seriously. The case is part of Brazil's "Car Wash" probe that has revealed ...
By that time, Trafigura had brought in Sonangol as a 30% shareholder in Puma, and had also reduced its own stake to 49%. [6] Dauphin never took Trafigura public, believing private company status was the best model for a trading firm. [10] Trafigura's revenue rose tenfold in the period from 2005 to 2014 to reach $127 billion. [8]