Trafigura, a top oil and metals trader, has agreed to pay $126.9 million and plead guilty to charges of bribery in Brazil, as part of a plea agreement with the U.S. Department of Justice (DOJ). The charges relate to a decade-long scheme, over 10 years ago, involving the payment of bribes to Brazilian officials to secure business with the state oil company, Petrobras. This case is part of a broader investigation into corruption within the commodity trading industry, exposing a widespread culture of corruption among the world's biggest commodity traders. Nicole Argentieri, head of the criminal division at the U.S. DOJ, stated that Trafigura's actions involved bribing Brazilian officials to illegally obtain business. The resolution involves Trafigura Beheer BV, the parent company of Trafigura Group during the relevant period, which will pay approximately $127 million as part of the resolution.