Trader Accused by Trafigura Says There Was ‘No Deception’ (1)

Prateek Gupta, the man who Trafigura Group says defrauded it of almost $600 million in an enormous nickel scam, said that executives at the trading house were aware many of the cargoes shipped to it did not contain the goods they were supposed to.

“There has been no deception of Trafigura by me,” Gupta said in documents filed for trial at a London court, where he is testifying publicly for the first time by video link from Dubai.

Trafigura sued Gupta in London as it looks to recoup some of the losses it incurred. The trading house says it ...