Trafigura Agrees to Pay $76 Million in Brazil Bribery Cases (1)

Trafigura Group agreed to a $75.8 million settlement to resolve civil cases in Brazil after last year admitting to paying bribes to win business in the nation.

While Trafigura initially disputed the charges, the trading house pleaded guilty to a decade of bribery in Brazil in a federal court in Miami last March. The cases in the South American country date back to at least 2020.

The resolution draws a curtain on a series of allegations originated with the sweeping Carwash probe in Brazil that uncovered massive corruption at state oil company Petrobras and drew in many of the world’s ...