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. 

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Regional

Government intensifying monitoring for monkeypox at all international gateways Premium
Hundreds stranded after ransomware attack on Indian airline Premium
Chinese scientists build robot earthworm to explore engine pipes Premium
Indian firms keen to invest in Sabah with Nusantara coming up Premium
Gulf airlines to lay on World Cup shuttle flights, says Qatar Airways Premium
It's 'K-Cannes' as South Korean entries entice Cannes film festival Premium
Sabah to showcase abundant dive sites at KL expo Premium
RTS Link highly anticipated by JB folk, says Dr Wee Premium
Three-year-old said to have monkeypox tests negative, actually has HFMD Premium
Shanghai heading out of lockdown but China still lost in economic gloom Premium

Others Also Read