Switzerland-based Trafigura Beheer BV, a top oil and metals trader, has agreed to pay $127 million and plead guilty to charges related to a decade-long bribery scheme in Brazil, according to U.S. Department of Justice. This settlement is part of a plea agreement following an investigation into the conduct of former employees or agents of Trafigura in Brazil, dating back 10 or more years. The bribery involved illegal payments to Brazilian officials to secure business with state oil company Petrobras. This case is the latest in a series of corruption cases exposing widespread corruption within the world's biggest commodity traders. Nicole Argentieri, head of the criminal division at the U.S. Department of Justice, stated that Trafigura bribed Brazilian officials for more than a decade to illegally obtain business.