Switzerland's top criminal court on Friday found Trafigura and a former executive guilty of corruption in a historic case involving payments made to an Angolan official in exchange for oil contracts.

Switzerland's top criminal court has convicted Trafigura and former executive Mike Wainwright of corruption through bribes for Angolan oil contracts. The firm must pay $148 million in fines, with Wainwright sentenced to 32 months in prison.

A Swiss court has convicted trading giant Trafigura and its former operating chief Mike Wainwright on bribery charges linked to shipping deals in Angola. Wainwright, the former chief operating officer, was sentenced to 32 months in jail by a court in Bellinzona, Switzerland, with 20 months suspended.

Swiss judges will issue a verdict on Friday in a corruption trial involving commodities trader Trafigura and three other defendants who allegedly paid bribes to an Angolan oil official in exchange for oil deals.

Trafigura and Mike Wainwright convicted in Swiss court for bribery, with the company fined and ordered to pay compensation.

Switzerland's highest criminal court found Trafigura and former executive Mike Wainwright guilty of corruption related to payments for Angolan oil contracts. The court imposed over $148 million in fines on the company and sentenced Wainwright to 32 months,

A Swiss court convicted Trafigura and three people linked to the commodities trading firm of corruption in Angola, in what campaigners hailed Friday as a "historic" first in Switzerland. Switzerland is home to some 900 commodities trading firms,

Mike Wainwright found guilty by Swiss court of paying more than €5mn in bribes in first conviction of commodity trader for corruption