Lausanne, Switzerland (Reuters) - Bank lenders to commodity trader Trafigura lost no money on the $1.1 billion Mongolia fraud discovered by the company because all losses have been absorbed by its
Trafigura Confirms No Bank Losses from Mongolia Fraud Incident
Lausanne, Switzerland (Reuters) - Bank lenders to commodity trader Trafigura lost no money on the $1.1 billion Mongolia fraud discovered by the company because all losses have been absorbed by its shareholders, Trafigura Chief Executive Richard Holtum told the FT Commodities Summit.
(Reporting by Robert Harvey and Dmitry Zhdannikov; Editing by David Goodman)
