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Switzerland accuses Trafigura and former top executive of corruption

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Updated December 6, 2023 at 3:29 p.m. ET

Swiss prosecutors have accused a former Trafigura executive of facilitating the payment of millions of dollars in bribes to obtain preferential treatment for African oil producer Angola’s energy trader.

Mike Wainwright helped funnel part of the payments to an Angolan official, Swiss prosecutors said Wednesday in an indictment filed with the Federal Criminal Court. These include more than 4.3 million euros, the equivalent of $4.6 million, in a bank account in Geneva between 2009 and 2011, and $604,000 in cash payments in Angola .

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