Swiss prosecutors search Vitol, Trafigura offices amid sweeping Brazilian graft probe

Investigators have executed search warrants at Swiss addresses linked to Vitol and Trafigura, their counterparts in Brazil said on Thursday, as a sprawling probe into the global commodity trading industry intensifies.

In a statement, Brazilian federal prosecutors said Swiss investigators had searched the Geneva addresses as part of a probe made public late last year. As part of that probe, authorities alleged employees of major commodity trading firms paid employees of Petroleo Brasileiro SA at least $31 million in bribes from 2011 to 2014.

Continue reading

Leave a comment

Blog at WordPress.com.

Up ↑