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High Court Drama: Gupta Claims Trafigura Orchestrated Fraud

11/28/2025

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Summary

Story summary

In the London High Court trial, Prateek Gupta, an Indian businessman, testifies Trafigura orchestrated a nickel-for-low-value metals scheme.
Trafigura sues Gupta for fraud and denies his claims, saying Gupta masterminded the scam.
Gupta acknowledges India fraud investigations but says Trafigura staff initiated the scheme.
The proceedings show tensions as Trafigura's lawyer questions Gupta's credibility, and Gupta accuses Trafigura of boosting nickel trading volumes.

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Story summary

In the London High Court trial, Prateek Gupta, an Indian businessman, testifies Trafigura orchestrated a nickel-for-low-value metals scheme.
Trafigura sues Gupta for fraud and denies his claims, saying Gupta masterminded the scam.
Gupta acknowledges India fraud investigations but says Trafigura staff initiated the scheme.
The proceedings show tensions as Trafigura's lawyer questions Gupta's credibility, and Gupta accuses Trafigura of boosting nickel trading volumes.