Trader Trafigura Pleads Guilty to a Decade of Oil Bribery in Brazil

Commodity trader will pay $126.9 million in fine, forfeiture
US criticizes Trafigura for initial uncooperative stance

Trafigura entered a plea agreement with the US Department of Justice in a federal court in Miami on Thursday.
Photographer: Dhiraj Singh/Bloomberg

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By Lucia Kassai, Archie Hunter, and Jack Farchy

March 28, 2024 at 3:36 PM UTC

Updated on

March 28, 2024 at 6:33 PM UTC

This article is for subscribers only.

Trafigura Group pleaded guilty to a decade of bribery in Brazil, in the latest in a string of cases that have exposed a widespread culture of corruption inside the world’s biggest commodity traders.

Trafigura entered a plea agreement with the US Department of Justice in a federal court in Miami on Thursday. The company will pay a fine of $80.4 million and forfeit $46.5 million, in line with the $127 million it set aside in December to resolve the case.