Trafigura doing 'major' audit of nickel fraud missteps, CEO says

Trafigura Group is carrying out a “major internal audit” after being hit by an alleged nickel fraud, CEO Jeremy Weir said in his first public comments on the subject.

“You’ve got to learn from experiences like this,” he said in an interview with Bloomberg TV. He emphasized that the alleged fraud was limited to a particular line of Trafigura’s business, and that the company had found no internal involvement from its own employees.