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Trafigura discloses 'significant misconduct' in Mongolian petroleum products supply business

( October 30, 2024, 21:33 GMT | Official Statement) -- MLex Summary: Trafigura disclosed "serious misconduct" by individuals operating in its Mongolian petroleum products supply business, including manipulation of data and documents, resulting in inflated sums being paid by Trafigura, and deliberate concealment of overdue receivables. The investigation remains ongoing, the company said, but it has confirmed "a significant exposure" for the commodities trading firm. A substantial portion of the exposure was acknowledged as a debt owed by its principal counterparty in the country, the statement said.Statement follows below:...

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