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Article

7 Aug 2010

Author:
Jeroen Molenaar, Bloomberg

Dutch Prosecution Appeals Trafigura Ruling, Says $1.3 Million Fine Too Low

The Dutch public prosecutor’s service appealed a ruling by an Amsterdam district court against Trafigura Beheer BV for shipping harmful waste to Ivory Coast, saying the fine of 1 million euros ($1.3 million) was too low. The prosecution can also prove that the closely held commodities trader committed fraud, Esther Schreur, spokeswoman for the Dutch National Fraud Prosecutor said…“We vigorously deny all charges,” including fraud, said Margaret van Kempen, an outside spokeswoman for Trafigura. Trafigura has also appealed the ruling, she said.

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