Statement re Trafigura’s petroleum products business in Mongolia
Singapore, 30 October, 2024 - An internal review followed by an external forensic investigation have uncovered serious misconduct by individuals in Trafigura’s Mongolian petroleum products supply business.
Trafigura warns of potential $1.1 billion hit from fraud in Mongolia
Oct 30, 2024 · Trafigura will make provisions of $1.1 billion after an internal review discovered fraud by individuals in its Mongolian petroleum products supply business, the commodity trader said on...
Commodity giant Trafigura faces $1.46 billion hit after Mongolia …
Oct 31, 2024 · LONDON – Trafigura Group is preparing to take a US$1.1 billion (S$1.46 billion) hit after discovering what it suspects was fraud involving employees in its Mongolian oil business.
Trafigura warns of up to $1.1bn loss over Mongolian oil scandal
Oct 30, 2024 · 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 ...
Trafigura Mongolia Oil Fraud: How Trader Faces $1 Billion Loss
Nov 2, 2024 · Buildings in Ulaanbaatar, Mongolia. Trafigura Group is a giant of commodity trading. On any given day, it handles enough oil to supply the entire needs of France three times over. Its global reach ...
Trafigura Faces $1.1 Billion Hit After Mongolia Fraud Probe
Oct 30, 2024 · (Bloomberg) -- 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.
Trafigura Faces $1.1 Billion Hit After Mongolia Fraud Probe
Oct 30, 2024 · 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.
Trafigura warns of potential $1.1 billion hit from misconduct in ...
Global commodity trader Trafigura expects to set aside a $1.1 billion provision against misconduct by individuals in its Mongolian petroleum products supply business after an internal review,...
UPDATE 2-Trafigura warns of potential $1.1 billion hit from fraud …
Oct 30, 2024 · Trafigura will make provisions of $1.1 billion after an internal review discovered fraud by individuals in its Mongolian petroleum products supply business, the commodity trader said on...
Trafigura Facing $1.1B In Losses After Multi-Year Fraud
By Alex Kimani - Nov 04, 2024, 6:00 PM CST. Trafigura is facing potential losses of up to $1.1 billion due to alleged fraud by employees tied to overdue debts in Mongolia. This new scandal comes ...
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