How Citigroup helped lift the lid on Trafigura’s nickel nightmare
The victim of ”systematic fraud” in relation to nickel trades, commodity trader Trafigura could be losing more than half a billion dollars. Bloomberg tells the story of how the fraud was uncovered.
By Jack Farchy and Jonathan Browning, bloomberg news
As Trafigura Group’s metal traders were partying in London at last year’s LME Week jamboree, Citigroup Inc. was taking a step that would end up shaking their world.
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