The fight against corruption is a major issue on a global scale, and many companies have been singled out for their involvement in cases of bribery of foreign public officials. Today, it is Switzerland that finds itself at the center of the news, as it is called upon to judge the criminal liability of a company in this matter.
The Federal Public Prosecutor’s Office has announced that it has filed an indictment with the Federal Criminal Court against three individuals and the trading company Trafigura. Between 2009 and 2011, payments of more than $4 million as well as benefits amounting to more than $600,000 were allegedly made to an agent of the Angolan state oil company, in exchange for the latter’s favor towards the interests of Trafigura.
The particularity of this case lies in the fact that it is the first time that Switzerland finds itself confronted with the criminal liability of a company in matters of corruption of foreign public officials. Trafigura is accused of not having taken all the necessary measures to prevent these acts of corruption, which highlights the issues of governance and internal control in companies.
In a press release, the CEO of Trafigura expressed his regret over these “incidents” and assured that actions had since been put in place to avoid such problems. He also emphasizes that these events do not represent the company as it is today. However, proceedings are also underway against the group in the United States and Brazil, showing that the fight against corruption is an international subject that requires cooperation between different jurisdictions.
This case highlights the importance for companies to put in place measures to prevent corruption and strengthen their social responsibility. Trafigura, a company specializing in the transportation of raw materials, is now facing the consequences of its past actions, highlighting the importance of ethical and transparent management for companies that operate internationally.
In conclusion, this affair in Switzerland serves as a reminder that the fight against corruption is a global concern. Companies must take their responsibilities and put in place effective prevention measures to avoid being involved in such matters. Cooperation between international jurisdictions is also essential to ensure the delivery of justice and combat corruption at all levels.