BBC Overnight Programming 10:00pm - 6:00am

Listen Live

Search

Geneva trader Gunvor raided in corruption probe

Wednesday, 3 June 2026 06:36

The Geneva headquarters of commodities trader Gunvor have been searched by federal investigators over suspected corruption of foreign public officials.

The Office of the Attorney General confirmed the raid took place in May, after Swiss NGO Public Eye reported on an opaque oil contract signed in Gabon in 2024 with a parallel payment system to reward African intermediaries. 

Gunvor has rejected the account, saying it has never seen such a contract and that the criminal proceedings target unknown persons rather than the company. 

Switzerland has already convicted Gunvor twice for corruption - over deals in Congo and Côte d'Ivoire in 2019, and in Ecuador in 2024. A third case would deepen scrutiny of Geneva's commodities trading hub.

 


 

Share

More from Bitesize News

  • Phone company going to court

    A Swisscom technician who spent 38 years at the company says he was fired for helping his 80-year-old neighbour cancel a subscription she never wanted

  • Swiss watch authenticity

    Voices in the Swiss watch industry are calling for a new '100% Swiss made' label to distinguish fully home-produced timepieces from those partly manufactured in Asia

  • Valais school initiative

    Valais is rolling out an interactive workshop for 2,600 secondary school pupils to help them spot hidden marketing on social media

  • UBS latest news

    The Council of States has backed a 90% capital-coverage rule for UBS's foreign subsidiaries — a compromise stopping short of the Federal Council's push for full coverage

  • Housing concerns still an issue

    Switzerland's housing crisis will ease only marginally next year, according to a new study

  • Valais scam alert

    Valais police say a fresh wave of phone scams has cost residents nearly CHF 150,000 in the past week alone

Follow WRS

Download our app

  • Available on the App Store
  • Available on Google Play