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Rogue Singapore oil trader loses $320m in unauthorised trades

Rogue Singapore oil trader loses $320m in unauthorised trades

The Telegraph - By Harriet Russell

A rogue trader from the Singapore unit of one of Japan’s biggest trading houses has been reported to the police after allegedly losing hundreds of millions of dollars on unauthorised trades. Petro-Diamond Singapore, a subsidiary of Mitsubishi Corp, which trades crude oil and petroleum products, said …

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