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

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.

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...

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

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

Trafigura Faces $577 Million Loss After Finding Nickel Fraud (1)

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.