Indian businessman Prateek Gupta asked a London judge on Tuesday to lift an order freezing his personal and business assets, alleging that commodity trader Trafigura failed to disclose full information when it sought the injunction. In a court document, Trafigura …
Staff at Trafigura Group worked with alleged fraudster Prateek Gupta to ensure that their dealings would not raise the suspicion of key lender Citigroup Inc., according to messages made public in the court battle between the two sides. The revelation …
Another trading house has been stung after buying a cargo supposedly containing nickel that turned out to be full of near-worthless rubble. The latest example, detailed in lawsuits in London and Singapore, is separate from the $600 million alleged fraud …
Trafigura Group is being sued by the billionaire Reuben brothers, as the fallout of a massive nickel fraud reverberates through global metal markets and ensnares some of the industry’s best-known figures. Legal filings seen by Bloomberg News shed new light …
Commodity trader Trafigura Group is facing more than half a billion dollars in losses after discovering metal cargoes it bought didn’t contain the nickel they were supposed to. nickel fraud Trafigura has spent the past two months uncovering what it …
A British high court judge ruled on Wednesday in favor of broker ED&F Man in a claim against Singapore commodities trader Straits and four other defendants about fraudulent warehouse receipts for nickel stored in Singapore. Justice Calver said in a …
Commodities broker Marex Spectron was warned by one of its executives about the risk of fraud before it finalized a metals financing deal with French bank Natixis that triggered a $32 million lawsuit by the lender, court documents seen by …
