Even though Trafigura is well known on the continent where it is active in trading raw materials and oil products, it still managed to get screwed. The global trading behemoth ($318.5bn in turnover and $7bn in net profit in 2022), has taken legal action against Prateek Gupta, an Indian metals tycoon and the “head” of a group of companies (including TMT Metals and UIL Malaysia), whom he accuses of having sold him shipments of fake nickel.
