SINGAPORE: Millions of dollars of oil stored in tanks and ships in Asia and Europe has become caught in a web of lawsuits related to trade and financing deals by Singapore's Hin Leong Trading (Pte) Ltd, according to court documents and shipping data.
A report filed this week in Singapore's High Court and reviewed by Reuters found Hin Leong obtained financing from various banks for cargoes of oil which did not exist, complicating the competing claims of ownership.
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