Trafigura Fraudster Gupta Linked to Mauritian Bank Collapse

The businessman who masterminded a huge nickel fraud against Trafigura Group was named by Mauritius as the ultimate beneficiary of toxic loans that led to the collapse of a local lender.

Prateek Gupta and entities linked to him received a total of 7.9 billion rupees ($168 million) from Silver Bank in which his wife Ginni Gupta held a 75% share, Premier and Finance Minister Navinchandra Ramgoolam told lawmakers on Tuesday.