Geneva trader Gunvor raided in corruption probe

The Geneva headquarters of commodities trader Gunvor have been searched by federal investigators over suspected corruption of foreign public officials.

The Office of the Attorney General confirmed the raid took place in May, after Swiss NGO Public Eye reported on an opaque oil contract signed in Gabon in 2024 with a parallel payment system to reward African intermediaries. 

Gunvor has rejected the account, saying it has never seen such a contract and that the criminal proceedings target unknown persons rather than the company. 

Switzerland has already convicted Gunvor twice for corruption - over deals in Congo and Côte d'Ivoire in 2019, and in Ecuador in 2024. A third case would deepen scrutiny of Geneva's commodities trading hub.

 


 

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