October 2, 2019 / 9:33 AM / a month ago

Natixis claim succeeds against Marex in metals fraud case

LONDON, Oct 2 (Reuters) - A high court judge ruled on Wednesday in favour of French bank Natixis in a claim against commodities broker Marex Spectron concerning fraudulent receipts in connection with nickel stored at warehouses in Asia.

The court said Marex must pay Natixis $32 million.

The court also ruled that Marex could recover part of the $32 million that it had in turn sought from Glencore unit Access World, which stored the metal. (Reporting by Eric Onstad; editing by Louise Heavens)

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