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Management & Corporate Governance
Oil trader fired by Mitsubishi denies allegation of hidden bets
(Sept 25): The Chinese trader fired by Mitsubishi Corp. for allegedly losing US$320 million ($441 million) in oil trading said he was acting on his managers’ orders and there were no unauthorised transactions, according to his lawyer.
September 25, 2019
Management & Corporate Governance
Mitsubishi Corp unit in Singapore sees US$320 mil loss on rogue oil trades
SINGAPORE (Sept 20): Mitsubishi Corp unit Petro-Diamond Singapore expects to book a loss of about US$320 million ($440 million) from unauthorised oil trades, the parent company said in a statement.
September 20, 2019