China prosecutors charge Trafigura, staff member in oil probe
Beijing
CHINESE prosecutors have charged Trafigura's Singapore division and a Beijing-based staff member for allegedly fabricating petrol deals with a Chinese oil trading company following a three-year probe, according to a letter of indictment reviewed by Reuters.
Prosecutors in Langfang, in northern China's Hebei province, filed the charges on August 4 against Trafigura (Singapore) and Tian Meng, its Beijing-based oil marketer, the official document issued by prosecutors shows. The document charges the Swiss firm and Tian with fraudulently obtaining bank …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq
DBS puts 46 retail units, HDB shops on market for S$210 million
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece