(EnergyAsia, February 22) — Singapore police have arrested a naphtha trader with Japanese trading firm Mitsui Oil Asia for allegedly covering up trading losses worth US$81 million incurred last year. Noriyuki Yamazaki, 35, is out on bail while the company has been shut down by its parent, Mitsui & Co. Mr Yamazaki allegedly speculated…
SINGAPORE: Mitsui Oil trader arrested for allegedly covering up trading losses of $124 million
Posted on February 22, 2007 by EnergyAsia