This simple note was written by hand in a notebook. Someone at Trafigura had just launched the big clean-up operation. This is where they found the information relating to an offshore company — ConsultCo Trading Ltd. Ever since Mariano Marcondes Ferraz was arrested in Brazil in , the vice has been tightening.
The former Trafigura executive made a confession in exchange for a reduction of his year prison sentence. He admitted that bribes were paid on behalf of the trading house in connection with the Petrobras scandal, but also in Angola. In the dock alongside the multinational are three individuals: the Angolan civil servant, the owner of ConsultCo Trading Ltd T.
This is the first time this scenario has been played out. The procedure for buying back their shares is organised by Trafigura according to timetable, spread over several years. Between and , Trafigura even asked its employees to sign non-disclosure clauses preventing them from communicating with judicial authorities. The share buyback was completed in September and October — for an unknown amount.
Via Translog, T. The company operates oil storage terminals in Matadi, strategically located on the Congo River. Was this transfer of assets a reward for services rendered, and if so, what kind of services? Which is just another way of preaching silence.
Back Corruption. Top of the page Corruption How Trafigura buys the silence of its ex-employees. How Trafigura buys the silence of its ex-employees. This week will see the trading house attempting to persuade the Swiss Federal Criminal Court that the schemes put in place to funnel funds to an Angolan official 15 years ago were the work of former employees, acting in the shadow of the late founder Claude Dauphin, now deceased.
