Tag: TRAFIGURA
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Trafigura Suffers $1.1 billion loss tied Mongolian Fraud Scandal
Global commodity trading giant Trafigura has reported a sharp decline in profits for its 2024 fiscal year, largely due to a $1.1 billion loss tied to alleged employee misconduct in its Mongolian oil operations. The company’s net profit fell to $2.8 billion—a 62% drop compared to the previous year and the lowest in four years.…