Trafigura Found Guilty in Angolan Chartering Bribery Scheme

In a precedent-setting corporate corruption case in Switzerland, commodity trading house Trafigura has been convicted on charges related to a $5 million bribery scheme in its operations in Angola.

According to Swiss prosecutors, Trafigura paid off an Angolan oil official in exchange for his signature on eight lucrative ship charter contracts and one bunkering contract. 

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