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Friday, November 20, 2009

Trafigura Corruption fears over Ivory Coast toxic waste victims' £30m Trafigura payout

A pot of £30m compensation due to be paid to thousands of African victims of toxic waste may end up being stolen thanks to the Ivory Coast regime's corruption, their lawyers said today.

The money was handed over by oil traders Trafigura in an out-of-court settlement in London and deposited in a bank in the west African state's capital, Abidjan, ready to be shared out in cash to each of the 30,000 victims. But the entire sum has been frozen in a sudden move backed by the local state prosecutor, according to Martyn Day, the senior partner at Leigh Day, the London lawyers who won the landmark settlement.

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