MetalTrading

Mitsubishi Corporation Exits China Metal Trading Amid Copper Fraud Scandal

4 months ago

Mitsubishi Corporation, one of Japan's largest trading houses, has decided to withdraw from its metal trading operations in China following a significant fraud incident involving copper. This development marks a pivotal change in the company's approach to its business in one of the world's largest markets for metals.

Mitsubishi Corp Faces Major Financial Blow Amid Suspected Metal Fraud in China

6 months ago

Mitsubishi Corporation, one of Japan's leading trading firms, has recently reported a staggering loss of approximately $90 million due to potential fraudulent activities tied to metal trading in China. This alarming revelation comes as the company grapples with serious allegations regarding the integrity of its metal procurement processes within the region.

Massive Metal Scam: Trader Allegedly Defrauds Singapore Investors Out of $360 Million

6 months ago

In a shocking turn of events, Singaporean prosecutors have laid charges against a trader accused of orchestrating a staggering $360 million scam within the metals trading sector. This case highlights serious vulnerabilities in the financial industry and raises concerns over regulatory oversight.