UK Targets Russian Oil Trading ‘Lynchpins’ With Sanctions December 18, 2024 By Upmanyu Trivedi and Archie Hunter The UK announced fresh sanctions targeting alleged “lynchpins” that enable the trade of Russian oil, along with 20 “shadow fleet”...
Vitol, SK Settle California Fuel Rigging Probe for $50 Million July 11, 2024 By Archie Hunter California’s attorney general said it reached a $50 million settlement with commodity traders Vitol and SK Energy Americas Inc. after...
Trafigura Staff Tried to Hide Nickel ‘Red Flags,’ Gupta Says in Court Document December 6, 2023 By Jack Farchy, Jonathan Browning and Archie Hunter Staff at Trafigura Group worked with alleged fraudster Prateek Gupta to ensure that their dealings would not raise the suspicion...
4 Billion Pieces of Paper Keep Global Trade Afloat but Fraud Fuels Push to Digitize October 4, 2023 By Archie Hunter They are relatively easy to fake. Frequently get lost. And can add huge amounts of time to any journey. Yet...
Another Metals Trading House Says It Has Been Hit by a Nickel Fraud August 25, 2023 By Archie Hunter, Alfred Cang and Jonathan Browning Another trading house has been stung after buying a cargo supposedly containing nickel that turned out to be full of...
Commodity Trader Trafigura Faces $577 Million Loss After Uncovering Nickel Fraud February 10, 2023 By Archie Hunter and Jack Farchy Commodity trader Trafigura Group is facing more than half a billion dollars in losses after discovering metal cargoes it bought...
‘Shadow Fleet’ of Tankers Transporting Russian Oil Swells to 600 Ships: Trafigura February 6, 2023 By Archie Hunter, Alix Steel and Grant Smith The “shadow fleet” of ships that transport Russian oil around the world has expanded to around 600 tankers, according to...
Ukraine Crop-Handling Port Damaged in Russian Attacks, Adding to Farm Sector Losses June 24, 2022 By Archie Hunter, Tarso Veloso and Megan Durisin Infrastructure owned by two major agriculture traders was damaged in Russian attacks at one of the biggest crop-handling ports in...
Russian Commodities Traders Relocate to Dubai as Switzerland Tightens Sanctions June 23, 2022 By Archie Hunter, Ben Bartenstein, Verity Ratcliffe and Isis Almeida Traders of Russian commodities are rushing to set up businesses in Dubai as Switzerland makes it increasingly challenging for them...