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.
Already a subscriber? Log in.
Subscribe to The Star Yearly Premium Plan for 30% off
Cancel anytime. Ad-free. Full access to Web and App.
Monthly Plan
RM 13.90/month
RM 9.73/month
Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.
Best Value
Annual Plan
RM 12.39/month
RM 8.63/month
Billed as RM 103.60 for the 1st year, RM 148 thereafter.
