Global commodity trader Trafigura expects to set aside a $1.1 billion provision against misconduct by individuals in its ...

Trafigura is facing potential losses of up to $1.1 billion due to alleged fraud by employees tied to overdue debts in ...

The company found that some of its employees in Mongolia had manipulated data and documents to inflate the amount of money it ...

Trafigura Group is a giant of commodity trading. On any given day, it handles enough oil to supply the entire needs of France ...

Trafigura said it uncovered “serious misconduct” in its Mongolian oil business that could result in a loss of up to $1.1bn, dealing a blow to the Switzerland-based trading house as it transitions to a ...

Individuals in the Mongolian business allegedly manipulated data and documents, resulting in inflated sums being paid by ...

Trafigura, a Geneva-based commodity trading house, said it will likely lose $1.1 billion due to misconduct in its Mongolia petroleum supply business. A company-led investigation found that around ...

An internal review followed by an external forensic investigation have uncovered serious misconduct by individuals in ...

The company found that some of its employees in Mongolia had manipulated data and documents to inflate the amount of money it ...

Trafigura alleges that staff manipulated payments while concealing a mountain of overdue debts. Read more at straitstimes.com ...

Trafigura discovered the issue in its Mongolian business in late 2023, according to the people, who asked not to be identified. The company found that some of its employees in Mongolia had manipulated ...

Trafigura Group is preparing to take a $1.1 billion hit after discovering what it suspects was fraud involving employees in its Mongolian oil business. The loss, which could also force the ...