October 2, 2019 / 9:34 AM / 17 days ago

Natixis claim succeeds against Marex in metals fraud case

LONDON, Oct 2 (Reuters) - A high court judge ruled on Wednesday in favour of French bank Natixis in a claim against commodities broker Marex Spectron concerning fraudulent receipts in connection with nickel stored at warehouses in Asia.

The court said Marex must pay Natixis $32 million.

The court also ruled that Marex could recover part of the $32 million that it had in turn sought from Glencore unit Access World, which stored the metal. (Reporting by Eric Onstad; editing by Louise Heavens)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below