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Trafigura faces $577m loss of alleged nickel fraud

Swiss commodities trader Trafigura faces a $577million loss for H1 2023 on an alleged fraud, whereby nickel cargoes had been shipped and paid for – but had arrived with parcels missing.

Trafigura faces $577m loss of alleged nickel fraud Trafigura faces $577m loss of alleged nickel fraud Trafigura faces $577m loss of alleged nickel fraud Trafigura faces $577m loss of alleged nickel fraud Trafigura faces $577m loss of alleged nickel fraud

The company has alleged that the "systematic fraud" was carried out by a group of companies controlled by Indian businessman Prateek Gupta.