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Dutch Prosecution Says Trafigura Fine Is Too Low

Aug. 7 (Bloomberg) -- The Dutch public prosecutor’s service appealed a ruling by an Amsterdam district court against Trafigura Beheer BV for shipping harmful waste to Ivory Coast, saying the fine of 1 million euros ($1.3 million) was too low.

The prosecution can also prove that the closely held commodities trader committed fraud, Esther Schreur, spokeswoman for the Dutch National Fraud Prosecutor said, confirming an earlier report by the newspaper De Volkskrant.

“We vigorously deny all charges,” including fraud, said Margaret van Kempen, an outside spokeswoman for Trafigura. Trafigura has also appealed the ruling, she said. Ron van Leeuwen, spokesman for the Amsterdam Appeals Court, said he couldn’t yet confirm or deny the appeals.

Waste from a ship hired by Trafigura four years ago was given to a local company, Compagnie Tommy, and was dumped near Ivory Coast’s commercial capital, Abidjan. Residents claimed the pollution caused deaths and widespread illness.

To contact the reporter on this story: Jeroen Molenaar in Amsterdam at jmolenaar1@bloomberg.net.

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net.

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