Swiss Prosecutors Demand $156M from Trafigura in Corruption Case
GENEVA (Reuters) - Swiss prosecutors are seeking a total of over $156 million in penalties and compensation from Trafigura and a four-year jail sentence for former Chief Operating Officer Mike Wainwright at an ongoing corruption trial in Switzerland, a spokesperson for the Attorney General's Office said on Monday.
The payment sought by prosecutors includes the maximum penalty possible for bribery under Swiss law of 5 million CHF ($5.69 million) as well as a compensation fee of $151 million, the spokesperson told Reuters.
Trafigura is defending itself in court and has said that the anti-bribery and anti-corruption controls and the compliance programme in place at the time at its parent company met legal requirements and good practice standards. Wainwright's lawyers have said he rejects all the allegations against him and is confident the case will be dismissed.
($1 = 0.8781 Swiss francs)
(Reporting by Emma Farge, editing by Kirsti Knolle)
