Petro-Diamond last year became the global book leader for Mitsubishi’s crude oil and fuel trading businesses. Photo: Reuters

Mitsubishi to shut Singapore oil unit where rogue trader lost US$314 million

  • The parent company will liquidate Petro-Diamond Singapore after it closes out oil and fuel contracts and settles debts, it said
  • Mitsubishi Corp had only recently began combining its Japan trade operation with that in its Singapore office
Topic |   Singapore

TOP PICKS

Petro-Diamond last year became the global book leader for Mitsubishi’s crude oil and fuel trading businesses. Photo: Reuters
READ FULL ARTICLE