Mitsubishi Corp. Photo: Reuters Mitsubishi Corp. Photo: Reuters
Mitsubishi Corp. Photo: Reuters
Singapore

Rogue oil trader causes US$320 million loss at Mitsubishi’s Singapore unit

  • The trader, a Chinese national hired by Petro-Diamond Singapore to handle oil business with China, ‘repeatedly’ disguised unauthorised deals to ‘look like hedge transactions’, Mitsubishi said
  • The employee has been fired and reported to the police, the parent company said

Topic |   Singapore
Mitsubishi Corp. Photo: Reuters Mitsubishi Corp. Photo: Reuters
Mitsubishi Corp. Photo: Reuters
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