Former CEO admits to cheating

THE former Singapore head of fuel trader China Aviation Oil pleaded guilty to six of 15 charges against him on Wednesday, in the city state's biggest trading scandal since rogue trader Nick Leeson brought down Barings Bank. 

China Aviation Oil (Singapore) Corp Ltd nearly collapsed in 2004 amid S$550mil (RM12.2bil) in trading losses. 

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Report it to us.

Next In Regional
Thailand drops joint patrols with Chinese police after public backlash
Cops on the hunt for cable thieves in Ayer Hitam
Najib wanted to answer questions on money laundering in court, says investigating officer
Hearing for Siti Bainun's appeal against conviction postponed to Jan 30 next year
Biker ambushed by a tiger near Gua Musang, lives to tell his tale
Historic day for human rights in Malaysia, says Azalina
Many workers in boycott-hit companies are locals, says Rayer
Two nabbed for launching fireworks at police in Lembah Subang
Federal Court commutes death, natural life jail sentences of 11 convicted for drug trafficking
RM15,000 max recruitment cost for new Indonesian domestic worker, says Human Resources Ministry

Trending in News

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.