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Swiss corruption case involving Trafigura and former executive opens

Channel News Asia LogoChannel News Asia2d ago

Swiss corruption case involving Trafigura and former executive opens - Channel News Asia

Quick Summary:

GENEVA : Trafigura and three other defendants including a former board member go on trial over the alleged payment of bribes to an Angolan oil official for oil deals in a landmark case that opens on Monday.

Trafigura appears in the letterhead of the document used to open the account and a signature resembling Wainwright's appears on it, the indictment alleges.

The 150-page indictment alleges that 4.3 million euros ($4.48 million) was transferred to the Angolan official as well as $604,000 in cash between April 2009 and October 2011.


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Article Details

Category: EconomyBusiness

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 13:12:17 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 699 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 24028643

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About Channel News Asia

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 39 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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