Swiss court to rule on landmark Trafigura corruption case

Swiss judges will issue a verdict on Friday in a corruption trial involving commodities trader Trafigura and three other defendants who allegedly paid bribes to an Angolan oil official in exchange for oil deals. Prosecutors alleged that Trafigura and others paid bribes of more than $5 million via a network of intermediaries to the Angolan official to win oil deals from 2009-2011. They are seeking a total of over $156 million in penalties and compensation from Trafigura and a four-year jail sentence for former Chief Operating Officer Mike Wainwright.