(Updates with company names, details)
Feb 27 (Reuters) - Global commodity trader Trafigura
Group sold nickel cargoes that did not contain the metal to a
U.S. trade finance company and two state-owned companies in
China and Indonesia, Bloomberg News reported on Monday citing
court filings.
Earlier this month, Trafigura said it booked a $577 million
charge relating to what it alleges was "systematic fraud" over
nickel cargoes.
The contested cargoes were bought by Argentem Trade Services
LLC, affiliated with Argentem Creek Partners, Hong Kong-based
Axiom Ltd, two trading units of Chinese state-owned Xiamen C&D,
and the trading unit of Indonesia's state mining company,
Bloomberg reported.
These buyers also pointed to problems with the cargoes,
according to the affidavit of Socrates Economou, Trafigura’s
former head of nickel trading.
Last week, Trafigura Group appointed Mehdi Wetterwald
and Daniel von Arx as the
new co-heads
of its battery metals trading business, a source with
knowledge of the matter told Reuters.
(Reporting by Deep Vakil in Bengaluru
Editing by Peter Graff)
