Trafigura Group is facing sizable losses related to its oil activities in Mongolia, according to people familiar with the matter, in a fresh blow for the company that has risen to become one of ...

Trafigura Group is preparing to take a US$1.1 billion hit after discovering what it suspects was fraud involving employees in its Mongolian oil business, according to people familiar with the matter.

Global commodity trading house Trafigura saw a sharp drop in its earnings for 2024 and has revised down its equity and profits for previous years after it discovered a billion-dollar oil fraud in ...

Trafigura Profit Drops 62% After 'Massive Problem' in Mongolia Trafigura Group reported a sharp drop in profit as it took $1.1 billion in losses related to alleged employee misconduct in its Mongolian ...

LONDON, Nov 19 (Reuters) - Swiss trading house Trafigura is trying to track down $500 million in Mongolia following a year-long probe of staff and associates over a billion-dollar fraud scheme at its ...

Trafigura's $1.1-billion provision is equivalent to the approximate value of Mongolia's oil-products consumption for an entire year, Reuters calculations show. Trafigura said it would likely need to ...

Global commodities trader Trafigura posted a 62% plummet in profits in 2024, as it continues to investigate a $1 billion fraud scandal engulfing its Mongolia oil business. The Singapore-based ...

Trafigura Faces Mongolia Oil Loss in New Blow for Trading Giant Trafigura Group is facing sizable losses related to its oil activities in Mongolia, according to people familiar with the matter, in a ...

Trafigura revised its 2022 and 2023 earnings and group equity to reflect the Mongolia loss. 2022 was revised to $6.8 billion compared with $7 billion and 2023 was revised down to $7.3 billion from ...

Global commodity trading house Trafigura saw a sharp drop in its earnings for 2024 and has revised down its equity and profits for previous years after it discovered a billion-dollar oil fraud in ...