Trafigura on Trial for Alleged Bribes to Angolan Official

Dec 2, 2024, 05:25 AM

A historic trial commenced in Switzerland on Monday, marking a significant event for the global commodity trading industry. Trafigura, a major player in the sector, along with its former chief operating officer and three other defendants, including a former board member, are accused of corruption. The charges stem from alleged payments of bribes to an Angolan oil official to secure oil deals. This case is seen as a test of the industry's ethical practices, with Trafigura defending its anti-corruption controls as adequate.