Trafigura says no bank lender lost money as a result of Mongolia fraud
ReutersMar 25, 2025 3:54 PM
Lausanne, Switzerland, March 25 (Reuters) - Bank lenders to commodity trader Trafigura lost no money on the $1.1 billion Mongolia fraud discovered by the company because all losses have been absorbed by its shareholders, Trafigura Chief Executive Richard Holtum told the FT Commodities Summit.
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