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Swiss prosecutors have accused Trafigura Group's senior executives of compromising anti-corruption controls, seeking a four-year prison sentence for former COO Mike Wainwright. Between 2011 and 2019, Wainwright and the late CEO Claude Dauphin prioritized profits over rejecting suspicious business leads, according to the prosecution.
A consultant known as "Mr. Non Compliant," who previously worked for Trafigura, claimed he felt part of the company's "family" while allegedly facilitating bribes. Testimony from ex-COO Mike Wainwright highlighted the company's reliance on former employees for intermediary roles, amid ongoing corruption trials involving senior leadership. Wainwright denied knowledge of specific payments linked to the alleged bribery, emphasizing the compliance department's role in oversight.
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 and three defendants, including former executive Mike Wainwright, are on trial in Switzerland for allegedly paying over $5 million in bribes to an Angolan oil official between 2009 and 2011. The case marks a significant legal precedent regarding corporate liability for foreign bribery. Prosecutors claim the bribery facilitated $143.7 million in profits for Trafigura, while the company maintains its compliance measures were adequate at the time.
Trafigura is on trial in Bellinzona for alleged bribery involving an Angolan official, with former executive Mike Wainwright implicated. The case, stemming from a whistleblower's testimony, threatens the reputation of the company's late founder, Claude Dauphin, as it highlights past corruption in the commodities sector. Trafigura denies wrongdoing, asserting its compliance measures were adequate.
Swiss prosecutors have charged Trafigura with paying nearly €5 million in bribes to Angolan official Paulo Gouveia Junior between 2009 and 2011, alleging a conspiracy involving senior executives, including former COO Mike Wainwright. The indictment claims the scheme was orchestrated by the late Trafigura founder Claude Dauphin, with payments managed from the top, including luxury accommodations for Gouveia. The trial is set to begin on December 2 in Bellinzona, Switzerland.
Trafigura Group faces bribery charges in Switzerland, accused of funneling payments to Angolan official Paulo Gouveia Junior through a network of former employees, including one dubbed “Mr. Non-Compliant.” The indictment reveals that the company"s late founder, Claude Dauphin, played a key role in the alleged scheme. The court proceedings are set to begin on December 2.
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