Oil Trader Trafigura Denies Brazil Prosecutor Bribery Claims
- Commodities trader says there is no evidence for civil suit
- Brazil prosecutor names top Trafigura executives as defendants
A Petrobras oil platform off Rio’s coast.
Photographer: Rich PressThis article is for subscribers only.
Trafigura Group Ltd. denied bribery allegations leveled by Brazilian prosecutors in a civil lawsuit claiming the commodities trader and its staff participated in a kickback scheme to win business with state oil producer Petroleo Brasileiro SA.
The Brazilian legal claim names Trafigura’s head of oil trading Jose Larocca and Chief Operating Officer Mike Wainwright as defendants.