Trafigura Wins $600 Million Nickel Fraud Lawsuit Against Businessman Gupta

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Insurance Journal - Feb 02, 2026

Trafigura won its London lawsuit against Indian businessman Prateek Gupta over fake nickel cargoes on Friday, with London’s High Court ruling in favor of the commodities trader. Geneva-based Trafigura alleged Gupta was the mastermind of a fraudulent “Ponzi scheme” in …...

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