Foreign Corrupt Practices Act: Investigations Dataset

Investigation Name: Investigation into Trafigura's Activities in Brazil Before 2013

Trend: None

Type of investigation: DOJ

Other Agencies Investigating/Assisting with DOJ Investigation:

Brazilian Law Enforcement Agency
Swiss Office of the Attorney General

Whistleblower:

Summary

Trafigura Group Pte. Ltd. (Trafigura) is a global commodities trader based in Singapore. The company’s immediate parent, Trafigura Beheer B.V., is exclusively owned by Trafigura's employees.

According to a press release issued on December 6, 2023, Trafigura said it was seeking to resolve investigations by regulatory authorities in the United States, Brazil and Switzerland into payments made by former employees via third parties approximately 10 or more years ago. Specifically, the DOJ was investigating possible improper payments made in Brazil. Though this press release was the first to mention a DOJ investigation, earlier press releases by the company indicate that it was under investigation by Brazilian authorities as early as 2018.

In anticipation of a resolution of the DOJ investigation, Trafigura disclosed that it had accrued a provision of $127 million.

On March 28, 2024, the DOJ filed an enforcement action against Trafigura.

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| Investigations Dataset

Investigations Dataset

Information & Summary

Investigation into Trafigura's Activities in Brazil Before 2013

Information & Summary

Protected Content