Swiss prosecutor widens probe into commodities trader Gunvor

No Comment 12 Views

The Office of the Attorney General of Switzerland has expanded a bribery investigation into the activities of a former employee of the Swiss commodities trader Gunvor Group.

Gunvor, one of the world’s largest independent oil and energy traders, said on Tuesday that an investigation by the attorney general had been widened to “examine possible organisational shortcomings exploited by the ex-employee to perpetrate alleged acts of bribery of foreign officials”.

Gunvor said the widened investigation would include its Swiss entity, Gunvor SA, as well as the Geneva branch of its Netherlands-registered Gunvor International BV. The Swiss prosecutor’s office said it had sought assistance from several countries and told Gunvor it was under formal investigation.

The probe concerns allegations of fraud, embezzlement and money laundering relating to an oil contract in the Republic of the Congo, according to Gunvor and the attorney general.

Read the original article here:

Get headlines, breaking news, and jobs announcements delivered to your inbox. Sign up for our daily newsletter.

Share This Page
Industry Webinars
FEATURED Solutions
Learn About RDC