Articles

What occurred at Nyrstar is increasingly difficult to view as a one-off cycle of events. The sequence suggests a repeatable model rather than an isolated case. Developments surrounding a gold mining project in Ghana indicate that similar mechanisms may still be in use. This matters not only for interpreting the past, but also for current and future counterparties, including groups such as Korea Zinc, now acquiring parts of Nyrstar’s business.  The Cuckoo Strategy: Enter, Weak

A new day, a new scandal. Commodity trading giants Vitol and Trafigura are now under investigation for fraud in Bolivia. This time, the accusations involve the smuggling of poor quality gasoline that is reportedly damaging vehicles across the country. This case does not stand alone. It adds to a growing list of controversies involving Trafigura in recent years. In Belgium a criminal investigation into the transfer of assets from zinc smelter Nyrstar to Trafigura is still ongo

The global commodity markets are no stranger to controversy. But when a firm as large as Trafigura finds itself facing several major legal battles simultaneously, the industry must take note. One concerns an alleged fraud involving nickel shipments worth about $600 million; another involves a landmark bribery conviction. A third centres on the long-running dispute related to Nyrstar, in which Trafigura has faced allegations over its role in the company’s financial collapse. T

From Jakarta to Geneva, Trafigura’s Troubles Multiply. Fresh off a Swiss court conviction tied to operations in Angola, commodity giant...

Summary : In April 2025, Trafigura agreed to a $75.8 million settlement with Brazilian authorities, resolving civil cases stemming from...

illustration Summary : Trafigura CEO addressed the firm’s $1.1 billion fraud loss in Mongolia, calling it a “humbling experience” and a...

Mike Wainwright Summary : In a landmark ruling, Switzerland’s Federal Criminal Court convicted Trafigura and its former COO, Mike...

Summary : This comprehensive report outlines how Vitol, Glencore, and Trafigura engaged in systematic bribery to win oil contracts from...

Summary : This article explores how Trafigura's global corruption and fraud cases have put Singapore’s clean image as a commodities...

illustration Summary : Trafigura agreed to pay a $55 million fine to the U.S. Commodity Futures Trading Commission (CFTC) over charges of...

illustration Summary : In March 2024, Trafigura pleaded guilty in a U.S. court to a decade-long bribery scheme in Brazil and agreed to...

Summary : Mike Wainwright, former COO and one of Trafigura’s most powerful yet low-profile figures, has been charged by Swiss prosecutors...

illustration Summary : Swiss prosecutors have formally charged Trafigura and former COO Mike Wainwright for bribery related to shipping...

illustration Summary : In an explosive legal twist, Indian businessman Prateek Gupta—accused by Trafigura of defrauding the company in a...

© IkerAlex10 Summary : This investigative deep dive reveals how Venezuela’s state oil company, PDVSA, lost billions through a...

Nickel Summary : This gripping exposé details Trafigura’s $577 million loss in a massive alleged fraud involving Indian tycoon Prateek...

© Nils Mulvad - creative commons Summary : In the wake of Russia’s invasion of Ukraine and ensuing energy market chaos, Trafigura...

illustration Summary : This article recounts how Trafigura blocked accredited journalists from IBI World and Gli Stati Generali from...

illustration Summary : This exposé explores how Trafigura maintained close ties with Russia’s state oil firm Rosneft even after...

Jeremy Weir - © creative commons Summary : In the wake of record profits driven by pandemic-induced market volatility, Trafigura...