Sponsored by

Brazil prosecutors charge former Trafigura executives with corruption

 Brazil prosecutors charge former Trafigura executives with corruption

SAO PAULO (Reuters) - Brazilian federal prosecutors on Friday filed corruption charges against two former executives of the oil trader Trafigura for allegedly paying at least $1.5 million in bribes to employees of Brazil's state-run oil company Petroleo Brasileiro.

Prosecutors said in a written statement that the charges filed against Mariano Marcondes Ferraz, a former Trafigura top executive, and Marcio Pinto Magalhaes, a local country representative, were the first of many to come against the world's largest oil traders. Vitol SA, Glencore PLC and Mercuria Energy Group are also under investigation in Brazil.

(Reporting by Brad Brooks; Editing by Chizu Nomiyama)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Your guide to the latest election news, analysis, commentary, live updates and schedule for Lok Sabha Elections 2019 on firstpost.com/elections. Follow us on Twitter and Instagram or like our Facebook page for updates from all 543 constituencies for the upcoming general elections.

Updated Date: Dec 15, 2018 00:05:28 IST

Also See