What is Trafigura seeking from the Dubai International Financial Centre Court regarding Prateek Gupta’s wife, and why?

Trafigura Group asked the Dubai International Financial Centre Court to strengthen an existing freezing order against Ginni Gupta, Prateek Gupta’s wife, in order to recoup more than $700 million in damages owed by Prateek Gupta for selling fake nickel. This action follows a January London court ruling that found Gupta had defrauded Trafigura on a massive scale — a finding that rejected Gupta’s claim that Trafigura’s own executives were aware of the scam. Trafigura is now enforcing the judgment globally, and specifically targeted Ginni Gupta after she sold a luxury villa on Palm Jumeirah for around AED 22.25 million ($6 million), with proceeds going to a debt recovery agent acting for Sharp Trend, which allegedly held claims against her company Vision Investments.

What did the London court rule in January regarding Prateek Gupta’s fraud allegations against Trafigura?

In January, a London court ruled that Prateek Gupta had defrauded Trafigura on a massive scale and rejected his accusation that Trafigura’s own executives were aware of the scam. This judgment established Gupta’s liability for more than $700 million in damages and forms the legal basis for Trafigura’s global enforcement efforts, including its application in Dubai to tighten financial restrictions on Gupta’s wife, Ginni Gupta.

Trafigura Targets Gupta Dubai Assets In Bid to Recoup Lost Nickel Millions

Jun 18, 2026

Following a London court ruling that Prateek Gupta defrauded Trafigura with fake nickel sales, the trader is seeking to enforce financial restrictions on his wife’s assets in Dubai to recover over $700 million in damages.

bloomberg

2026-06-18

Trafigura Targets Gupta Dubai Assets In Bid to Recoup Lost Nickel Millions

Trafigura Targets Gupta Dubai Assets In Bid to Recoup Lost Nickel Millions

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