The international commodities trading company resolved a long-standing bribery case with the US DOJ 

Trafigura agreed to pay over $126 million to settle the US Department of Justice’s investigation into a case that involved employees and agents who wanted to secure business with Brazil’s state-owned and controlled oil company Petroleo Brasileiro (Petrobras). 

Between 2003 and 2014, Trafigura, which is headquartered in Switzerland, paid bribes to Petrobras officials in order to secure and maintain contracts with the oil company. Under the scheme, Trafigura, along with its co-conspirators, made illicit payments of up to 20 cents per barrel of oil products bought from or sold to Petrobras. The bribes were concealed in shell companies or funnelled through intermediaries who used offshore bank accounts to deliver cash to officials in Brazil.