News Angola Commodities: Swiss criminal court convicts commodities firm Trafigura in Angola bribery case
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 contracts in Angola. The federal court in the southern city of Bellinzona gave Trafigura a fine of 3 million Swiss francs (about $3.3 million) over payments totaling nearly $5 million to a foreign public official. The court didn't impose the maximum $5 million penalty, ruling that the firm did have compliance measures in place at the time — over a decade ago.
News Angola Commodities: Commodities firm Trafigura goes on Swiss trial over alleged bribes paid to win Angola oil contract
GENEVA (AP) — For the first time in Switzerland, a multinational company faces a criminal trial on charges of bribing a foreign public official, with alleged payments totaling about $5 million, to win ...
News Angola Commodities: Russia is China's top oil supplier for 3rd mth in July- customs data
Russia held its spot as China's top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted supplies while cutting shipments from ...
News Angola Commodities: tralac Daily News
Multilateralism is now needed more than ever to set and implement global standards, frameworks in an increasingly multi-polar world: Al-Mashat (Daily News Egypt) Her remarks came during her ...
