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Fraud and theft losses in the hundreds of millions of euros at Hamburg-based copper producer Aurubis have led the company to force out chief executive Roland Harings and two other members of the company's four-person executive board. The ousters were announced on Tuesday following a meeting of the Aurubis supervisory board. The executives needed to take responsibility for "the particular challenges Aurubis faced in the past fiscal year," according to a statement on Tuesday. The supervisory board

(Bloomberg) -- Aurubis AG is preparing to terminate the contract of its chief executive and two other executive board members, as the copper producer seeks to move on from a giant raw-material scam.Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHong Kong Stocks at 36% Discount Show True Depth of China GloomMorgan Stanley, JPMorgan Say Buy the Dip After Treasury RoutGloom Over China Assets Is Spreading Beyond Battered StocksSony Sends Termination Letter to

Following losses in the the three-digit millions caused by fraud at the Hamburg-based copper producer Aurubis, three out of four executive board members are facing personal consequences, including chief executive Roland Harings. Representatives of the supervisory board are currently holding "advanced talks with three executive board members about the termination of their executive board activities," Aurubis announced on Monday evening in a statement. "The investigations will show that we have ma

Aurubis AG ( ETR:NDA ) last week reported its latest annual results, which makes it a good time for investors to dive...

Aurubis AG (AIAGY.PK, AIAGF.PK), a metals company, on Wednesday reported a decline in net earnings for the full year citing financial impact of the "criminal activities" it reported earlier.