Trafigura Insider Gagged From Discussing Accounting by Court
- Belgian, Swiss authorities were examining allegations
- Swiss prosecutors have dropped case without giving reason
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A unit of commodities-trading giant Trafigura Group Ltd. got a Swiss court to stop a whistleblower from discussing alleged accounting fraud with Belgian and Swiss authorities, potentially undermining their investigations into the accusations.
The would-be informant, who asked not to be named to avoid recriminations, was ordered by a Zurich court in September not to speak to any third parties about Trafigura’s zinc-refining unit Nyrstar, according to a copy of the injunction seen by Bloomberg. The court said the man had violated his obligations to corporate confidentiality and risked causing damage to the company that would be difficult to undo, should he do it again, the document shows.