Friday, 23 July 2010

Trafigura - Part Judgment $1M Fine

The Washington Examiner carries this story.

“A Dutch court has fined oil trading company Trafigura AG euro1 million ($1.28 million) for exporting hazardous waste to Ivory Coast and for concealing the dangerous nature of the waste when it was initially unloaded from a ship in Amsterdam.

Prosecutors had asked for a fine of euro2 million ($2.57 million) for Trafigura.

Amsterdam District Court judge Frans Bauduin on Friday also convicted a Trafigura employee for his role in the 2006 scandal and the Ukranian captain of the Probo Koala ship that carried the waste.

Toxic waste sickened thousands in the Ivory Coast capital, Abidjan, in August 2006, though Trafigura insists the waste from the Probo Koala could not have caused serious illness.”

Copyright Associated Press

1 comment:

  1. Now, that's a severe fine.
    How many percent of the lawyers' fees?