The Business Times
SUBSCRIBERS

ING-led banks win access to Citi accounts linked to failed Agritrade

    Published Wed, Sep 16, 2020 · 09:50 PM

    Singapore

    A GROUP of banks led by ING Groep won a court order compelling Citigroup and Sumitomo Mitsui Financial Group to reveal account details linked to failed commodities firm Agritrade International.

    The Singapore ruling makes the two lenders share client names, bank statements and fund transfer instructions, according to court documents obtained by Bloomberg News. The information obtained from the banks may only be used for legal proceedings, according to the Aug 17 order.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Agritradejudicial management

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More