Mike Wainwright, Trafigura's ex-COO on trial in Switzerland for corruption, defended the company's late founder, Claude Dauphin, as an "inspirational person" and a "genius" in managing people. Wainwright denied allegations that Dauphin promised bribes to an Angolan official for oil deals, asserting his belief that Dauphin would not engage in such actions. The trial continues, with Wainwright expected to provide further testimony.
Trafigura's legal attempt to dismiss evidence from star witness Mariano Marcondes Ferraz in a Swiss bribery trial was rejected by judges in Bellinzona. The case marks a historic moment as it is the first time a commodity trading company faces corruption charges in Switzerland, with allegations of over €5mn paid to an Angolan official for oil shipment rights. The trial will proceed, with the credibility of Ferraz's testimony assessed on its merits, despite arguments regarding a potential illegal plea bargain and the death of Trafigura's former CEO, Claude Dauphin.
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