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Switzerland's top criminal court on Friday convicted a multinational company for the first time, ruling against commodities trader Trafigura in a case of bribery linked to lucrative oil industry ...
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 ...
Trafigura is the third-largest physical commodities trading group in the world behind Vitol and Glencore. [62] Trafigura sources, stores, blends and transports raw materials including oil, refined petroleum products and non-ferrous metals, iron ore, and coal. [15] [63] 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.
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 ...
Some recent examples include Novartis paying $729 million to settle bribery cases in the United States and Greece in 2020 [19] or Zurich-based bank Julius Baer admitting to laundering over $36 million in bribes in a FIFA case in 2021. [20] In 2021, Credit Suisse was prosecuted in a Mozambique tuna bonds corruption scandal in the United States. [11]
The court also convicted three people — a former high-level Trafigura employee, a former official with Angolan state oil company Sonangol, and an ex-Trafigura employee who had acted as an intermediary — for their roles in the scheme. The heaviest sentence included 14 months behind bars. The verdict is not final and the defendants can appeal.
Corruption in the government of Kenya has a history which spans the era of the founding president Jomo Kenyatta, to Daniel arap Moi's KANU, Mwai Kibaki's PNU governments. . President Uhuru Kenyatta's Jubilee Party government, and the current William Ruto's Kenya Kwanza administration has also been riddled with massive cases of graft, topping in the list of corrupt Presidents in Africa ...