Switzerland’s top criminal court convicted a multinational company for the first time, ruling against commodities trader Trafigura in a case of bribery linked to lucrative oil industry contracts in Angola.

Switzerland's top criminal court on Friday found Trafigura and a former executive guilty of corruption in a case involving payments made to an Angolan official in exchange for oil contracts.

Trafigura and its former chief operating officer were convicted by a Swiss court on bribery charges, the first time a senior executive at a major commodity trading house has been found guilty of corruption.

Switzerland's highest court convicted trading house Trafigura and its former COO, Mike Wainwright, over a $5 million bribery scheme to secure Angolan oil contracts. Trafigura was fined $3.3 million, and Wainwright received a 32-month sentence,

Swiss judges will issue a verdict on Friday in a corruption trial involving commodities trader Trafigura and three other defendants who allegedly paid bribes to an Angolan oil official in exchange for oil deals.

A Swiss court convicted Trafigura and three people linked to the commodities trading firm of corruption in Angola, in what campaigners hailed Friday as a "historic" first in Switzerland. Switzerland is home to some 900 commodities trading firms,

Switzerland's top criminal court has convicted Trafigura and former executive Mike Wainwright of corruption through bribes for Angolan oil contracts. The firm must pay $148 million in fines, with Wainwright sentenced to 32 months in prison.