Business
Trader gets painted stones instead of $36m of copper – BBC News
The company says it took delivery of six thousand tonnes of spray-painted rocks instead of the metal.
image copyrightGetty Images
A commodities trader was given painted stones instead of $36m (£26m) of copper from a Turkish supplier in a fraudulent deal last summer.
Geneva-based Mercuria Energy Group says it’s been the victim of cargo fraud following its purchase of 10,000 tons of copper blister.
When the cargoes started arriving in China, it found containers full of painted stones instead.
The bizarre case happened despite security and inspection controls.
Last year, Mercuria agreed to buy the…
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