Swiss Court Convicts Former Oil Executive in $35M Corruption Case

Former Gunvor CFO receives 24-month suspended sentence for $35 million in bribes to Congo officials, marking significant victory in Swiss anti-corruption efforts.

Key Takeaways

Former Gunvor CFO convicted of active bribery of foreign public officials
The convicted executive is a 47-year-old French national
Bribes were paid to officials of SNPC and Congo-Brazzaville president's entourage
Gunvor was previously fined CHF4 million in 2019

By The Numbers

$35 million

Total bribe amount

13 million

Barrels of crude oil involved

CHF90 million

Compensatory claim against Gunvor

They Said

"These payments enabled Gunvor to load 15 tankers between 2010 and 2011"
— Swiss Federal Attorney General's Office

Court Verdict and Sentencing

Corruption Scheme Details

Impact on Swiss Oil Trade

Corporate Accountability

Sources & References

Swiss court finds ex-Gunvor executive guilty of corruption

SWI swissinfo.ch

Key Takeaways

Former Gunvor CFO convicted of active bribery of foreign public officials
The convicted executive is a 47-year-old French national
Bribes were paid to officials of SNPC and Congo-Brazzaville president's entourage
Gunvor was previously fined CHF4 million in 2019

By The Numbers

$35 million

Total bribe amount

13 million

Barrels of crude oil involved

CHF90 million

Compensatory claim against Gunvor

They Said

"These payments enabled Gunvor to load 15 tankers between 2010 and 2011"
— Swiss Federal Attorney General's Office

Key Takeaways

By The Numbers

They Said

Court Verdict and Sentencing

Corruption Scheme Details

Impact on Swiss Oil Trade

Corporate Accountability

Sources & References

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