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Singapore Court's sentence on China Aviation Oil scandal

Singapore, Republic of Singapore - Three company's Beijing managers fined

Singapore Court fined yesterday three Beijing manager of China Aviation Oil (CAO), controlled by the Chinese state-owned CAO Holding, for offences related to the jet fuel trade linked to the scandal that hit the company in 2004. The enquiry began after that the company declared to have lost more than USD 500 million by placing bets on the future price of oil. Judge Liew Thiam Leng said that is interest...

AVIONEWS - World Aeronautical Press Agency - 136875
Rome, Italy, 03/03/2006 14:45
AVIONEWS - World Aeronautical Press Agency

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