US Should Stop Backing Trafigura After Bribery Charges, NGOs Say

A group of non-governmental organizations called on the US Export-Import Bank to stop providing financial support to Trafigura Group after the trading house and one of its longtime top executives were charged over allegations of corruption.

In a letter seen by Bloomberg News, the NGOs ask that the Ex-Im bank “immediately terminate its support for Trafigura and in doing so send a strong signal that the US government is not willing to work with entities under investigation for fraud or bribery.” It is signed by Friends of the Earth United States, Oil Change International and Public Citizen.

Trafigura last year ...