For the first time in Switzerland, a multinational company faces a criminal trial Monday on charges of bribing a foreign public official, with alleged payments totaling about $5 million, to win lucrative oil industry contracts in Angola.
Commodities trader Trafigura Group said Sunday it intended to defend itself against allegations that its former parent company did not have “reasonable and necessary” measures in place at the time to prevent unlawful payments to a former employee of Angola’s state oil company.
