Ex-Gunvor Manager Convicted of Bribery Over Oil Deals (2)

A former manager at Gunvor Group was found guilty by a Swiss court of bribing public officials to secure oil contracts in Africa, a second win in less than a month for Swiss prosecutors cracking down on corruption in the commodity-trading industry.

G., an ex-trade finance executive at the firm who can’t be named under Swiss reporting restrictions, was handed a two-year suspended sentence, the Federal Criminal Court said in a statement on Thursday. He was also ordered to pay compensation to the state of $950,000 and pay its legal fees that topped $50,000.

Prosecutors had charged him with making ...