Trafigura to Pay $55 Million Over Fuel Oil Manipulation (2)

Trafigura Group agreed to pay $55 million to settle allegations from the US Commodity Futures Trading Commissionthat it manipulated a fuel oil benchmark and blocked employees from cooperating with regulators.

The case is the latest in a string of recent allegations of wrongdoing to hit Trafigura, one of the world’s largest commodity traders, after it pleaded guilty in March to bribing Brazilian oil officials and in December was charged by Swiss prosecutors over alleged corruption in Angola. They also mark the latest move by the CFTC, which has historically focused on futures markets, to target wrongdoing by physical commodity ...