Trader who was supposed to get $36m worth of copper gets painted stones
Published on : Thu, 11 Mar, 2021
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Kathmandu, March 11. Geneva-based Mercuria Energy Group has been given painted stones instead of copper in a fraudulent deal by Turkish dealers.
The group was supposed to get $36 million worth of copper through the deal. The fraud took place in spite of inspection and security controls. The deal was signed last year and Mercuria paid the amount in five installments.
The fraud was not identified until it reached China. It is said that the copper was exchanged with stones before it reached China at a port in Istanbul.
Turkish authorities have undertook people who are suspected to be involved in the case in custody.
Published on: २०७७ फागुन २७ गते १४:१९
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