Fighting fraud and forgery in commodities trading

Singapore’s commodities trading scene has been fraught with scandals. While an industry-wide revamp is underway, would it be enough to restore the Republic’s reputation?

Uma Devi

Published Fri, Dec 29, 2023 · 02:00 PM

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ON THE surface, oil trader Hin Leong was shaping up to be a company that would put Singapore on the commodities map.

In 2019, the group posted a net profit of US$78.2 million for its fiscal year and raked in revenues of close to US$20 billion.

But trouble was brewing behind the scenes.

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Opinion & Features

Opinion & Features

Fighting fraud and forgery in commodities trading

Uma Devi

KEYWORDS IN THIS ARTICLE

Opinion & Features

The dog ate Japan’s plan to phase out coal power

If inflation continues to build, the Fed won’t be able to maintain neutral stance for long

Singapore offices await a new wave of tenants

S-chip IPOs may be coming again, but don’t count on investors getting too excited

London watchdog’s name-and-shame plan is mad, bad and dangerous to the City

Foxconn’s musical chairs sound like punk rock

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