Swiss criminal court convicts commodities firm Trafigura in Angola bribery case

Published on: Friday 31 January 2025

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 source: https://finance.yahoo.com/news/swiss-criminal-court-convicts-commodities-173206514.html

Share this news on: Facebook Twitter

» Commodities firm Trafigura goes on Swiss trial over alleged bribes paid to win Angola oil contract

» Russia is China's top oil supplier for 3rd mth in July- customs data

» tralac Daily News

HEADLINE NEWS

My Financial News from Angola, Commodities

Swiss criminal court convicts commodities firm Trafigura in Angola bribery case