Heraeus hit with fraud probe

[pmbug]

...
The Frankfurt prosecutors’ office said it’s conducting an investigation into 16 suspects, after suspicions emerged that unlawful removals of customer-delivered material may have taken place at the company’s precious metals recycling business.

The possible criminal irregularities were suspected to have occurred between 2015 and 2025, Frankfurt prosecutors said in a statement. The investigation was initiated after a disclosure from the company and has been ongoing since last June.
...
Irregularities were identified at the Hanau platinum-group metal recycling site, the company said in its 2024 annual report. An internal investigation by an external law firm triggered by Heraeus found discrepancies in its precious metal inventories, and the company said it assumed a significant proportion, if not all, of the excess inventories in fact belonged to customers.
...

German precious metals refiner Heraeus hit with fraud probe

The Frankfurt prosecutors’ office said it’s conducting an investigation into 16 suspects.

www.mining.com

 

[Voodoo]

I suspected versions of this as the Only reason that Refiners acted like they were in trouble first. I highly doubt Heraeus will be the only one.