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Sakae Holdings files police report over 'highly questionable' sugar trade by its representative

Claudia Chong

Published Fri, Sep 21, 2018 · 09:50 PM

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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