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Reuters exclusively reports commodity trader Freepoint faces U.S. bribery probe

Business & Finance

Reuters exclusively reported that the U.S. Justice Department is investigating Connecticut-based trading house Freepoint Commodities over whether payments to employees of Brazil’s state-run oil company broke U.S. laws. The criminal probe, which is being led by prosecutors in Washington, complements a separate, ongoing bribery investigation into the company by authorities in Brazil. The inquiry marks the latest in a broad push by U.S. authorities to root out fraud and misconduct within the commodities sector.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Commodities & Energy

Regions: North America

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Reuters

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