Sakae Holdings files police report over 'highly questionable' sugar trade by its representative
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Claudia Chong
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Singapore
SAKAE Holdings said on Friday that it has filed a police report relating to the failure of a customer to pay US$4.3 million for 9,343 metric tonnes of sugar delivered in December 2017.
The police report followed a review by an internal audit firm of a sugar trading transaction that its subsidiary Sakae Capital Pte Ltd (SCPL) was involved in.
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