Published 1 year ago

Trafigura to record $577 million charge after nickel fraud

Summary by Ground News

Global commodity trader Trafigura said on Thursday it booked a $577 million charge in the first half of 2023, after discovering that some nickel cargoes it received did not contain the metal in a case of "systematic fraud".

0 Articles

All

Left

Center

Right

Channel News Asia

Trafigura to record $577 million charge after nickel fraud

:Global commodity trader Trafigura said on Thursday it booked a $577 million charge in the first half of 2023, after discovering that some nickel cargoes it received did not contain the metal in a case of "systematic fraud".Geneva-based Trafigura said the fraud was committed by a group of companies connected

1 year ago·Singapore

Read Full Article

Financial Post

Trafigura faces $577 million hit after shipments of nickel it bought did not contain the metal

Trafigura, commodity trader, says shipments of nickel it bought did not contain the metal. Find out more

1 year ago·Canada

Read Full Article

Bloomberg

Commodity Trader Trafigura Faces $577 Million Loss After Uncovering Nickel Fraud

Metal cargoes it bought didn’t contain the metals they were supposed to.

1 year ago·United States

Read Full Article

Business Insider

A top commodity trader is staring down a $577 million loss after discovering metal cargoes it bought were missing nickel, report says

Trafigura has spent two months uncovering a systemic fraud perpetrated against the company, sources told Bloomberg.

1 year ago·United States

Read Full Article

Business Standard

Trafigura faces $577 million loss after uncovering nickel fraud in India

The missing nickel is a blow for the company that has grown rapidly in the past decade to become one of the world's largest trading houses

1 year ago·India

Read Full Article

Wall Street Journal

Swiss commodities trader Trafigura hit by suspected nickel fraud and could lose $577 million

Trafigura Group thought it was buying containers full of nickel but some contained no nickel at all, the giant commodities trader said, describing itself as...

1 year ago·New York, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.

Coverage Details

Total News Sources0

Leaning Left2Leaning Right2Center3Last Updated1 year agoBias Distribution

43% Center

Bias Distribution

43% of the sources are Center

42% Center

Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

Trafigura to record $577 million charge after nickel fraud

0 Articles

0 Articles

Trafigura to record $577 million charge after nickel fraud

Trafigura to record $577 million charge after nickel fraud

Trafigura faces $577 million hit after shipments of nickel it bought did not contain the metal

Trafigura faces $577 million hit after shipments of nickel it bought did not contain the metal

Commodity Trader Trafigura Faces $577 Million Loss After Uncovering Nickel Fraud

Commodity Trader Trafigura Faces $577 Million Loss After Uncovering Nickel Fraud

A top commodity trader is staring down a $577 million loss after discovering metal cargoes it bought were missing nickel, report says

A top commodity trader is staring down a $577 million loss after discovering metal cargoes it bought were missing nickel, report says

Trafigura faces $577 million loss after uncovering nickel fraud in India

Trafigura faces $577 million loss after uncovering nickel fraud in India

Swiss commodities trader Trafigura hit by suspected nickel fraud and could lose $577 million

Swiss commodities trader Trafigura hit by suspected nickel fraud and could lose $577 million

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics