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Trafigura's strategy, the court heard, was to set up a complex payment web, through which an official with Angola's state oil company was paid almost $5m (£4.02m; €4.81) between 2009 and 2011.
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 ...
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.
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. [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 ...
RJW v Guardian News and Media Limited ([2009] EWHC 2540 (QB)), also known as Trafigura v Guardian News and Media Limited and the Trafigura case, was a 2009 legal action in which Trafigura attempted to use a super-injunction to prevent the press reporting details of toxic waste dumping in the Ivory Coast.
In criminal law, misappropriation is the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a deceased person's estate or by any person with a responsibility to care for and protect another's assets (a fiduciary duty).
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 ...