Trafigura’s award increases to $700 million following a court win over Prateek Gupta.
Trafigura’s Legal Battle with Prateek Gupta Intensifies The payout to Trafigura in its prominent fraud case against tycoon Prateek Gupta has surged by nearly 50%, now totaling $700 million. On Thursday, the Indian businessman was denied permission to appeal a London High Court ruling from last month, which stated that Trafigura had been “the victim […]
Trafigura’s leading trader devised a counterfeit nickel plan, Prateek Gupta informs the court.
Indian businessman Prateek Gupta appeared in court, alleging that a former top nickel trader at Trafigura was involved in a scheme to ship large quantities of fake nickel. During his testimony via video link from Dubai on Wednesday, Mr. Gupta stated that in 2019, Socrates Economou proposed a plan that included transporting what was purported […]