Trafigura Group, one of the world’s largest private companies, is set to pay a hefty sum of $126 million and plead guilty to charges of bribery in Brazil. The guilty plea is expected to take place on Thursday in a federal court in Miami, according to a reliable source close to the matter. However, both Trafigura and the Department of Justice have refrained from commenting on the issue, possibly awaiting the formal announcement. Source – Bloomberg
This is not the first time Trafigura has been sued for corruption. Some past cases include:
