Nyrstar owner Trafigura admits founder approved bribes

While Trafigura, the (former) directors of Nyrstar NV and their respective armies of advisors in Belgium remain deafeningly silent about the actual facts that led to the disputed ‘restructuring’ (read: ‘takeover by Trafigura’) of Nyrstar NV in 2019, Trafigura is under increasing international pressure now that the company has pleaded guilty to active bribery in Brazil and a number of other cases for similar offences are pending, including in the US and Switzerland.

The latest news now seems to confirm what has long been suspected: the rotting of the fish starts at the top. It now appears that the former CEO of Trafigura, Mr Claude Dauphin, personally gave his approval for the corruption in Brazil. In addition, two top figures at Trafigura, from the inner circle of the current CEO Jeremy Weir, have been suspended, including the CFO Christophe Salmon. This news item was distributed by Bloomberg as ‘Breaking News’ - and of course it is (see article by Jack Farchy https://lnkd.in/ewiKdQeU).

The net is starting to close in very tightly now. When will Belgium realise that we are undermining the foundations of our constitutional state and democracy if we allow minority shareholders and institutional investors to be expropriated by ruthless cuckoo capitalists and their army of advisors? When will Belgium hold Trafigura accountable for their actions?

Go to orignal article 'De Tijd'

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