Reported about 7 hours ago
Mike Wainwright, a former senior executive at Trafigura, has become the first high-ranking official in a major commodity trading firm to be convicted of bribery, receiving a sentence of 32 months in a Swiss court. His case signifies a substantial shift in addressing corruption within an industry historically plagued by bribery. As investigations by the U.S. and other nations have intensified, there’s a growing expectation that individual executives will now be held accountable for corrupt practices, challenging the long-standing culture of impunity that has characterized commodity trading.
Source: YAHOO