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U.S. trading house Kataman Metals LLC is suing several companies for allegedly defrauding it out of more than $3 million worth of nickel and for not paying $1 million in interest on tin and nickel... -Yesterday at 11:41 pm- MarketScreener

US trading house Kataman Metals LLC is suing several companies for allegedly defrauding it out of more than US$3mil worth of nickel and for not paying US$1mil in interest on tin and nickel cargoes, filings in Singapore and British high courts show.

Another trading house has been stung after buying a cargo supposedly containing nickel that turned out to be full of near-worthless rubble. The latest

Kataman Metals alleges it paid $5 million for a nickel cargo only to discover the containers were filled with near worthless rubble.

Trafigura Group is being sued by the billionaire Reuben brothers, as the fallout of a massive nickel fraud reverberates through global metal markets and

Legal filings seen by Bloomberg News shed new light on the case that shocked the market earlier this year when Trafigura said it expected to lose nearly $600 million in what it called a “systematic fraud” perpetrated by Indian businessman Prateek Gupta.