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Supplier ships painted paving slabs instead of copper to commodity house Mercuria

Mar 10, 2021 - The Daily Telegraph (London)

ONE of the world's biggest commodity traders has fallen victim to an alleged fraud in which it paid $36m (£26m) for copper that was replaced with painted paving stones.

Mercuria Energy ordered copper from a Turkish supplier last summer, but the consignment sent to China contained rocks instead, Bloomberg reported.

Mercuria is pursuing the alleged copper supplier, Bietsan in the Turkish city of Tekirdag, for compensation. It has also filed a criminal complaint in Turkey. Turkish poli...