Company Directory - Trafigura Group
Company Details - Trafigura Group
Trafigura Group
WebsiteGeneva, Switzerland
Trafigura Group is one of the world’s largest commodity trading companies. It specializes in the sourcing, transporting, and trading of raw materials including oil, metals, and minerals. The company is known for its agile global trading network and robust profit margins in the commodities market.
CCI Score
CCI Score: Trafigura Group
-59.58
0.03%
Latest Event
Trafigura Convicted of Bribery by Swiss Court
Trafigura and its former COO were convicted by a Swiss court on bribery charges related to corrupt payments made to an Angolan official for lucrative oil contracts, marking a historic judicial action against a major commodity trading firm.
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QUISLING
Trafigura Group is currently rated as a Quisling.
Latest Events
- JAN312025
Trafigura and its former COO were convicted by a Swiss court on bribery charges related to corrupt payments made to an Angolan official for lucrative oil contracts, marking a historic judicial action against a major commodity trading firm.
-40
Public and Political Behavior
March 29
The bribery conviction undermines democratic and political integrity through illicit dealings intended to influence government contracts. By engaging in corrupt practices, Trafigura has negatively impacted public trust and political accountability.
-50
Business Practices and Ethical Responsibility
March 29
The conviction highlights systemic issues within Trafigura's business practices, notably its failure to enforce adequate compliance measures to prevent bribery. This unethical behavior not only violates legal standards but also undermines the company's ethical responsibility in the global commodities market.
- DEC092024
Swiss prosecutors detailed systemic corruption at Trafigura, alleging that senior executives, including former COO Mike Wainwright, compromised anti‐corruption controls and engaged in bribery involving over $5 million to secure lucrative oil contracts, leading to a significant indictment and proposed fines.
-70
Public and Political Behavior
March 29
Trafigura's leadership, by dominating its own compliance committee and engaging in bribery, has undermined democratic accountability and public trust. Such behavior negatively affects public and political behavior by corrupting the decision-making processes and eroding regulatory oversight.
The ‘Wolves Were Guarding the Sheep’ at Trafigura, Says Prosecutor
-80
Business Practices and Ethical Responsibility
March 29
The systemic bribery practices and compromised internal controls at Trafigura highlight a serious breach of ethical business practices. The company's failure to implement robust anti-corruption measures and its reliance on conflicted intermediaries severely undermine corporate ethical responsibility.
The ‘Wolves Were Guarding the Sheep’ at Trafigura, Says Prosecutor
- DEC022024
Trafigura Group faces a criminal trial in Switzerland over allegations of bribing a former Angolan official to secure lucrative oil contracts, with accusations of over $5 million in payments made between 2009 and 2011. The trial highlights concerns over unethical business practices and potential subversion of democratic processes.
-70
Business Practices and Ethical Responsibility
March 29
Allegations of bribery to secure a profitable oil contract indicate severe lapses in ethical business practices and compliance protocols. Such actions undermine accountability and fair competition, contributing to a negative impact on societal trust in corporate behavior.
Commodities firm Trafigura goes on Swiss trial over alleged bribes paid to win Angola oil contract
-40
Public and Political Behavior
March 29
The bribery allegations suggest attempts to improperly influence political and regulatory processes, undermining democratic accountability. Such behavior negatively affects public trust and exhibits a disregard for transparent corporate-government relations.
Commodities firm Trafigura goes on Swiss trial over alleged bribes paid to win Angola oil contract
- DEC022024
Trafigura Group faces a corruption trial in Switzerland where it is accused of engaging in a bribery scheme. The company, along with a former board member and other defendants, is alleged to have paid bribes to an Angolan oil official between 2009 and 2011, a move that reportedly secured oil deals generating a profit of $143.7 million. The case marks the first instance where Switzerland's top criminal court is ruling on a company's liability for bribing a foreign official.
-60
Public and Political Behavior
March 29
The alleged bribery undermines public trust and democratic norms by engaging in corrupt practices that distort fair political and business decision-making. Such actions can be seen as eroding ethical standards expected from major corporations.
Swiss corruption case involving Trafigura and former executive opens
-80
Business Practices and Ethical Responsibility
March 29
The company is accused of engaging in unethical business practices by allegedly paying bribes to secure oil contracts. This event highlights a significant lapse in ethical responsibility and reflects poorly on its internal controls and compliance measures.
Swiss corruption case involving Trafigura and former executive opens
- JUN172024
On June 17, 2024, the CFTC issued an order against Trafigura Trading LLC for multiple violations of the Commodity Exchange Act. The order detailed that Trafigura misappropriated confidential, nonpublic information, manipulated fuel benchmarks, and used non-disclosure agreements that hindered employees from communicating with regulators. This enforcement action resulted in a $55 million civil penalty and required remedial measures to ensure future compliance.
-50
Public and Political Behavior
March 29
Trafigura's imposition of broad non-disclosure provisions that effectively impeded voluntary communications with the CFTC undermines transparency and accountability. Such actions stifle whistleblower reporting and weaken public oversight, adversely affecting democratic governance and public trust.
CFTC Orders Trafigura to Pay $55 Million for Fraud, Manipulation and Impeding Communications
-75
Business Practices and Ethical Responsibility
March 29
Trafigura engaged in unethical business practices by misappropriating material nonpublic information and manipulating benchmark fuel prices to benefit its trading positions. These actions, aimed at distorting market fairness for profit, severely compromise ethical standards and harm market participants.
CFTC Orders Trafigura to Pay $55 Million for Fraud, Manipulation and Impeding Communications
- MAR282024
Trafigura pleaded guilty to conspiracy to violate the FCPA after engaging in a bribery scheme to secure business with Brazil’s state-controlled oil company, resulting in over $126 million in penalties and highlighting significant ethical failures.
-80
Public and Political Behavior
March 29
The company's involvement in a bribery scheme directly undermines democratic accountability and the rule of law, reflecting a deeply unethical influence on public and political processes.
Swiss Commodities Trading Company Pleads Guilty to Foreign Bribery Scheme
-75
Business Practices and Ethical Responsibility
March 29
Trafigura’s extensive bribery scheme highlights severe lapses in business ethical standards and corporate responsibility, with long-term negative implications for governance and accountability.
Swiss Commodities Trading Company Pleads Guilty to Foreign Bribery Scheme
- DEC062023
Trafigura Group and one of its top executives have been charged with bribery of a public official in Angola and are under investigation by the US DOJ for improper payments in Brazil. The charges allege that the firm made cash payments as part of efforts to secure favorable shipping contracts, undermining both democratic oversight and ethical business practices.
-60
Public and Political Behavior
March 29
Trafigura’s alleged bribery to influence public contracts in Angola represents a significant breach of democratic and ethical standards, negatively impacting public and political behavior.
-70
Business Practices and Ethical Responsibility
March 29
The charges reveal a failure in enforcing adequate internal controls and ethical standards, with Trafigura engaging in sustained corrupt practices that compromise the integrity of its business operations.
- DEC062023
On December 6, 2023, the Swiss federal prosecutor's office charged Trafigura Group and one of its top executives over allegations of bribery involving over $5 million in illicit payments to secure oil deals in Angola between 2009 and 2011.
-60
Public and Political Behavior
March 29
The alleged bribery of an Angolan official to secure lucrative contracts undermines civic trust and democratic accountability, reflecting negative public and political behavior that contributes to authoritarian practices.
-80
Business Practices and Ethical Responsibility
March 29
The charges highlight significant ethical breaches in Trafigura’s business practices, with allegations that the company, through its unit, compromised its code of conduct by engaging in corrupt practices to secure contracts, damaging corporate accountability.
Industries
- 4233
- Lumber and Other Construction Materials Merchant Wholesalers
- 4247
- Petroleum and Petroleum Products Merchant Wholesalers
- 4248
- Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers
- 4861
- Pipeline Transportation of Crude Oil
- 4862
- Pipeline Transportation of Natural Gas