21. So far the company and its former top copper trader, Yasuo Hamanaka, who has been blamed for the losses, have not been charged with any crimes. 22. Sumitomo Corp. shares were sold following the arrest Tuesday of Yasuo Hamanaka, a former copper trader accused of racking up billion of dollars in losses at the company. 23. Sumitomo has since paid out millions of dollars in class-action lawsuits filed by copper traders and others over trading in Japan and abroad. 24. Tokyo prosecutors brought formal fraud charges against the former Sumitomo Corp. star copper trader that allegedly hid billions of dollars in trade losses, officials said Tuesday. 25. Former Sumitomo Corp. chief copper trader Yasuo Hamanaka was indicted Tuesday for forgery and also faced new fraud charges over the huge losses he suffered in unauthorised trades. 26. GNI trading house said that copper traders were troubled by the prospect of subdued economic growth in the United States. 27. As part of that new policy, a copper trader and aluminum trader were switched in their positions, Sumitomo officials said. 28. British trading house Winchester Commodities on Friday denied it had manipulated the international copper markets with Yasuo Hamanaka, the disgraced Japanese copper trader from Sumitomo Corp. 29. The officials said copper trader Masahiro Mogari of the non-ferrous metals section, was replaced by Yoshikiko Suzuki, an aluminium trader in the light metals section. 30. The Osaka-based trading company has blamed former chief copper trader Yasuo Hamanaka for the unauthorised trading and dismissed him in June. |