(EnergyAsia, December 23) — China Aviation Oil (Singapore) Corporation Limited said it has fired three senior managers for their roles in the company losing more than US$550 million in oil derivatives trades last year. A fourth has resigned while CEO Chen Jiulin, who has been suspended, faces trial over 15 counts of cheating and forgery…
PEOPLE: Singapore’s China Aviation Oil fires three managers over oil derivatives trading scandal
Posted on December 23, 2005 by EnergyAsia