Trafigura to Pay $126 Million and Plead Guilty to Brazil Bribes

Trafigura Group will pay $126 million and plead guilty to US charges related to bribery in Brazil, in the latest case involving corruption by a commodity trading giant.

Trafigura is expected to enter the guilty plea in a federal court in Miami on Thursday, according to a person familiar with the matter, who asked not to be identified because the information is not yet public. Spokespeople for Trafigura and the Department of Justice both declined to comment.

Trafigura’s is the latest in a string of cases in which the world’s biggest commodity trading houses have paid large fines to resolve ...