Netherlands: Trafigura guilty of exporting toxic waste
Date: 23 Jul 2010
Trafigura illegally exported toxic waste from Amsterdam, according to the findings of a Dutch court. The company transported the waste to the Ivory Coast where it injured thousands of local people in 2006.
The company was fined 1m euros, half the amount requested by the prosecution. A Trafigura employee was also convicted for his role in the affair, as well as the Ukrainian captain of the ship, the Probo Koala, which transported the waste.
The company denied any wrongdoing, and has already paid millions to the Ivory Coast government and to people that were sickened by the toxic waste.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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