(EnergyAsia, June 9) — Police have arrested the top five executives of China Aviation Oil, including CEO Chen Jiulin, for their role in the company’s losses of more than US$500 million from trading oil derivatives last year. The losses nearly bankrupted China’s main jet fuel supplier and inflicted huge losses on other oil companies that…
SINGAPORE: Police arrest China Aviation Oil’s CEO and four senior managers
Posted on June 9, 2005 by EnergyAsia