Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Trafigura, a leading commodity trading firm, has admitted that its founder and former Chief Executive Officer, Claude Dauphin, approved bribe payments for oil deals in Brazil, with a note of "10 for every big guy". This revelation was part of Trafigura's plea agreement with the US, indicating that Dauphin was aware the payments would be used to bribe officials. Following these admissions, Trafigura announced a significant management shake-up, with two of its most senior executives, Jose Larocca and Christophe Salmon, retiring. Stephan Jansma has been appointed as the new finance chief.
Two of Trafigura Group’s most senior executives are leaving the company, in a major shake-up at one of the world’s top commodity traders https://t.co/tdhqddg4VQ
COMMODITY TRADING: Management shake-up at Trafigura, with Jose Larocca (effectively the company's number 2) and Christophe Salmon (CFO) both retiring. Stephan Jansma becomes new finance chief. The management shake-up come days after Trafigura pleaded guilty to charges of bribery…
COMMODITY TRADING: Trafigura admits its founder and former CEO Claude Dauphin approved bribe payments for oil deals in Brazil https://t.co/qplG8dzMuE @jfarchy