Company is first commodity trader to face trial for corruption in Switzerland
Trafigura lost a last-minute legal gambit on Tuesday to have evidence against it from the star witness in a Swiss corruption trial struck from the case. The trial against the natural resources trader, in which its former parent company Trafigura Beheer BV and chief operating officer Michael Wainwright are accused of bribery, opened at Switzerland’s federal criminal court in Bellinzona on Monday.
Trafigura’s lawyers also argued that swaths of Ferraz’s testimony were unusable because they contained unprovable accusations against the company’s founder and former chief executive Claude Dauphin, who died in 2015. Citing a ruling by Switzerland’s Court of Appeal handed down last week, they argued the testimony, which accuses Dauphin of being the mastermind of the alleged bribery scheme, could not be used because Dauphin could not contest it.
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