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Final phase of the corruption trial in Angola: prison sentences against Trafigura and three defendants

11/12/2024
Source : ORISHAS FINANCE
Categories: Sectors

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On Monday, December 9, federal prosecutors Grégoire Mégevand and Héloïse Rordorf-Braun delivered their indictment and began the final phase of the corruption trial in Angola. The case involves the Geneva-based oil trading company Trafigura, and

three defendants.

The federal prosecutor's office is seeking prison sentences for the former Angolan official and former number 2 of the firm, a partial reprieve for the intermediary and the maximum fine for the Geneva merchant. According to the information, the file traces the chronology of the payment of the alleged bribes and links them to the nine contracts concluded between 2009 and 2011. For Trafigura, “happy winner” of these contracts for chartering and bunkering ships that generated 151 million dollars in profits, the “crime having paid handsomely”, the federal prosecutor's office considers the fault to be “serious”

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