Trader sues Turkish firm for getting painted stones instead of $36m of copper | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 10, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 10, 2025
Trader sues Turkish firm for getting painted stones instead of $36m of copper

Global Economy

Reuters
10 March, 2021, 08:40 am
Last modified: 10 March, 2021, 08:54 am

Related News

  • Trump sets 50% US tariffs on copper, Brazilian imports starting in August
  • World's top copper producer Chile in wait-and-see mode after Trump tariff bombshell
  • Trump says steep copper tariffs in store as he broadens his trade war
  • World's leading copper producers in 2023
  • Why the world needs more copper — a lot more copper

Trader sues Turkish firm for getting painted stones instead of $36m of copper

Mercuria filed a civil suit for a debt claim in Turkey and filed a report for theft and fraud with the Turkish prosecutor's office

Reuters
10 March, 2021, 08:40 am
Last modified: 10 March, 2021, 08:54 am
Photo: Collected
Photo: Collected

Mercuria Energy Trading has launched a civil suit against a Turkish firm over what the global commodity trading firm's lawyer described as fraud related to a deal to buy copper worth $36 million.

Last year, Geneva-based Mercuria agreed to buy about 10,000 tonnes of copper blister, an impure form of the metal, for delivery to China. About 6,700 tonnes of the total was loaded for shipment in containers on eight vessels.

When the first shipment was opened in China with other cargoes still on the way, Chinese inspectors found paving stones not copper, Mercuria's lawyer Sinan Borovali from KYB Law said.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Mercuria had already paid for 90% of the cargoes loaded for shipment, the lawyer said.

Mercuria filed a civil suit for a debt claim in Turkey and filed a report for theft and fraud with the Turkish prosecutor's office. The lawyer said 14 people had been taken into custody after a police investigation.

Bietsan Bakir, the Turkish firm which sold Mercuria the copper, and the police did not respond to requests for comment.

Top News / World+Biz

copper / Bietsan Bakir / Mercuria Energy Trading

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • No final consensus yet on CJ appointment from senior-most judges: Salahuddin
    No final consensus yet on CJ appointment from senior-most judges: Salahuddin
  • National Consensus Commission chief Ali Riaz speaks at the Foreign Service Academy in the capital’s Bailey Road on 10 July 2025. Photo: Collected
    Chief justice appointment: Consensus reached on two key issues, says Ali Riaz
  • In terms of stream of education, girls maintained their excellence as well. Photo: TBS
    Lowest SSC pass rate in 17 years as over 6 lakh students fail

MOST VIEWED

  • Graphics: TBS
    BB raises startup fund limit, drops upper age barrier
  • Workers pack undergarments at the packing section of a garment factory in Ashulia, on the outskirts of Dhaka, Bangladesh, April 19, 2025. Photo: REUTERS/Fatima Tuj Johora
    After US tariffs, jobs hang by a thread in Bangladesh's garments sector
  • Global Islami Bank rectifies 2023 figures, reports Tk2,259cr loss instead of Tk128cr profit
    Global Islami Bank rectifies 2023 figures, reports Tk2,259cr loss instead of Tk128cr profit
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Audit reports of most banks contain cooked up data: BB governor
  • File photo of containers at Chattogram port/TBS
    US buyers push Bangladeshi exporters to share extra tariff costs
  • CA orders law enforcers to complete all election preparations by December
    CA orders law enforcers to complete all election preparations by December

Related News

  • Trump sets 50% US tariffs on copper, Brazilian imports starting in August
  • World's top copper producer Chile in wait-and-see mode after Trump tariff bombshell
  • Trump says steep copper tariffs in store as he broadens his trade war
  • World's leading copper producers in 2023
  • Why the world needs more copper — a lot more copper

Features

Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

14m | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

3h | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered- have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

3h | Panorama
Women are forced to fish in saline waters every day, risking their health to provide for their families. Photo: TBS

How Mongla’s women are bearing the brunt of rising salinity

1d | Panorama

More Videos from TBS

July-August mass uprising: Rakib explains Chatradal's role in Jatrabari

July-August mass uprising: Rakib explains Chatradal's role in Jatrabari

29m | TBS Stories
News of The Day, 10 JULY 2025

News of The Day, 10 JULY 2025

1h | TBS News of the day
SSC and equivalent results released: Pass rate 68.45%, GPA drops by 5

SSC and equivalent results released: Pass rate 68.45%, GPA drops by 5

1h | TBS Today
Islami bank aims to increase deposits to Tk 2 lakh crore by 2025

Islami bank aims to increase deposits to Tk 2 lakh crore by 2025

4h | TBS Programs
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net