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

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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.

The post Reuters exclusively reports commodity trader Freepoint faces U.S. bribery probe appeared first on Reuters News Agency.

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