Trafigura and Ex-COO Convicted of Bribery by Swiss Court (4)

Trafigura and its former chief operating officer were convicted by a Swiss court on bribery charges, the first time a senior executive at a major commodity trading house has been found guilty of corruption.

Mike Wainwright, Trafigura’s ex-COO, was sentenced to 32 months in jail, of which 20 months are suspended, the Federal Criminal Court ruled on Friday in Bellinzona, Switzerland.

Read More: Man Who Held Trafigura Secrets and Purse Strings Now Faces Trial

Switzerland, a key hub for the commodities trading sector, has been under pressure to prove it can be tough on an industry that has long ...