Business & Finance

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

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
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