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.
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