Market NewsCommentDTC suspends customers

DTC suspends customers

DTC said it had suspended a number of its clients in relation to a criminal court case in Belgium. “As a result of the Antwerp criminal court judgment of 6th December 2007 relating to what has become known as the "Brenig" case, the DTC has communicated to a number of current sightholders that it is suspending supply to them, with immediate effect,” Louise Prior, DTC spokesperson said in an email to PolishedPrices. Prior said the suspension could mean that the companies involved would lose their supply contracts, depending on the outcome of further investigation. “Pending the results of further due diligence into this matter, the DTC reserves its right to take all appropriate action in respect of its supply to the businesses involved in connection with both the current Transitional Supply Contract and (where relevant) the 2008-2011 Supplier of Choice Contract including, but not limited to, suspension or termination of supply,” Prior said. DTC said it had engaged Kroll to verify the content of the submissions it received for supply for the new three-year contract period commencing March 31 2008. On December 6, 2007, an Antwerp court convicted six DTC sightholders of fraud, smuggling, fiscal fraud and fictitious invoicing in the so-called Brenig case. The allegations are related to acts committed more than a decade ago. It is understood BHP Billiton has also suspended a number of clients. The company was not immediately available for comment.

Related articles

Mushrooms in the sky?

Taxi to the Loony Bin?

A new benchmark

Rio Tinto's 'Diamond Supply Agreement' - the day after

Reaction to Bunch of Jokers

Bunch of Jokers

View all