London: The long running legal battle between global commodity trader Trafigura and Indian businessman Prateek Gupta reached its final stage today as both sides presented their closing arguments in the London High Court. Each accused the other of responsibility for what Trafigura says is a six hundred million dollar nickel fraud that began with shipments of metal that turned out to contain low value materials instead of high grade nickel.

Trafigura told the court that Gupta had offered no proof that any of its employees took part in or helped plan the alleged fraud. The company maintained that it was the victim of a deliberate scheme involving duplicate cargo documents and substituted materials. Its lawyers said Gupta diverted money linked to the transactions to support his struggling b

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