Ex-Trafigura COO takes stand in bribery trial

Quick Summary:

Swiss authorities have charged Trafigura Beheer BV, the natural resources trader’s former parent company, with failing to prevent acts of serious corruption, and Wainwright with bribery.

Mike Wainwright, chief operating officer of the company from 2008 to April this year, gave evidence on Tuesday evening and Wednesday morning as the key figure in a blockbuster criminal trial that began this week in Switzerland.

Wainwright was a member of Trafigura’s compliance committee. When asked about its function, he told the court: “To be honest, in the period 2008 to 2011 I had forgotten about this committee.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sam Jones

Category: MarketsFinanceInvesting

Markets: United StatesSwitzerland

Topics: Trafigura Senior Corruption “i Wainwright Financial Company Trafigura’s Business Compliance Committee

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 15:59:33 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 958 words

Reading Time: 6 minutes read

Sentences: 31 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 24122132

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 15 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions