Mitsui Oil loses $81m in naphtha, CAO settles J Aron energy lawsuit
27 Nov 2006
Singapore-based Mitsui Oil Asia (MOAS) has incurred losses of approximately $81m in relation to naphtha trading after.
The firm, a subsidiary of Japanese conglomerate, Mitsui and Company, said one of its traders had hidden the losses "by deceptively reporting on significant unrealised losses on physical and future trading of naphtha".
The...
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