Brazil Pursues Criminal Probe of Top Trafigura Executives – Sources

The investigation has focused on two of the three top Trafigura here directors, Co-head of Oil Trading Jose Larocca and Chief Operating Officer Mike Wainwright. The criminal probe is advancing alongside a civil lawsuit against the same executives and others disclosed this month, the people said.

RIO DE JANEIRO, BRAZIL - (Reuters) Brazilian investigators are pursuing the first criminal probe of current executives at commodities trading firm Trafigura on allegations they approved the bribery of employees at state-controlled oil producer Petrobras, according to three people familiar with the matter.

The investigation has focused on two of the three top Trafigura here directors, Co-head of Oil Trading Jose Larocca and Chief Operating Officer Mike Wainwright. The criminal probe is advancing alongside a civil lawsuit against the same executives and others disclosed this month, the people said.

Brazilian investigators have also shared findings with U.S. prosecutors . . .

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