SINGAPORE: The man at the centre of the China Aviation Oil (CAO) downfall has given his first media interview since returning from China last week and said he is prepared to accept whatever punishment that is meted out.
CAO lost US$550mil (RM2.09bil) through wrong bets placed on the movement of oil prices, and is being investigated by the Commercial Affairs Department (CAD). It owes a dozen banks a total of US$152mil (RM578mil).
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