CIMB alleges 'suspicious' Hontop Energy oil deals with BP: affidavit

Singapore

SINGAPORE'S High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy.

The move came after Malaysian lender CIMB, its biggest creditor, raised concerns about what it described as "suspicious" deals involving oil major BP, according to an affidavit filed with the court this week and reviewed by Reuters.