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(Bloomberg) When news broke that Trafigura Group faces more than half a billion dollars in losses from what it described as a “systematic fraud,” the biggest surprise for many market insiders wasn’t the commodity trader’s missing nickel cargoes. It was that one of the industry’s largest players was still doing business with a man that others had long since backed away from. Indian businessman Prateek Gupta and his companies, against whom Trafigura secured a $625 million freezing order this week, have a checkered history in the trading world. Trafigura Faces $577 Million Loss After Finding Nickel Fraud Merchant Gunvor Group and trade finance fund TransAsia Private Capital Ltd. lost money in earlier dealings with Gupta’s companies, public filings show. Others, including banks and counterparties, became uncomfortable at times with the group’s trading activities, according to several people who either worked at the group or did business with it. Last year, India’s federal

United arab emiratesUnited kingdomJonas reyIan milneSuman guptaPrateek guptaMark burtonJean francois lambertAlfred cangShruti srivastavaSwansy afonsoUd trading groupTransasia private capital ltdHoldings plcTrafigura groupGupta ud trading group holding