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CAO CEO faces charges, slammed by PwC report


A PricewaterhouseCoopers (PwC) report has slammed Chen Jiulin, former CEO of China Aviation Oil (CAO) in Singapore, for the $550m energy derivatives loss suffered by the firm last year (see FO Week Vol 10 No 13).

Chen and four other senior CAO executives have been arrested and charged by Singapore police...

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