Switzerland's top criminal court on Friday found Trafigura and a former executive guilty of corruption in a historic case involving payments made to an Angolan official in exchange for oil contracts.

Switzerland's top criminal court convicted trading house Trafigura and a former senior executive of corruption on Friday in an unprecedented case over payments made to an Angolan official in exchange for oil contracts.

Switzerland’s top criminal court convicted a multinational company for the first time, ruling against commodities trader Trafigura in a case of bribery linked to lucrative oil industry contracts in Angola.

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.

Swiss judges will issue a verdict on Friday in a corruption trial involving commodities trader Trafigura and three other defendants who allegedly paid bribes to an Angolan oil official in exchange for oil deals.

A Swiss court has convicted trading giant Trafigura and its former operating chief Mike Wainwright on bribery charges linked to shipping deals in Angola. Wainwright, the former chief operating officer, was sentenced to 32 months in jail by a court in Bellinzona, Switzerland, with 20 months suspended.

Trafigura and Mike Wainwright convicted in Swiss court for bribery, with the company fined and ordered to pay compensation.

Thank you for reporting this station. We will review the data in question. You are about to report this weather station for bad data. Please select the information that is incorrect.