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

Published Sun, Jul 5, 2020 · 09:50 PM

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.

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Oil and gas

Hontop Energy

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

KEYWORDS IN THIS ARTICLE

Energy & Commodities

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Anglo rejects BHP takeover bid as significantly undervalued

India rice prices at three-month low on shrinking demand

Gold prices set for weekly decline ahead of US inflation data

Pricey coffee is here to stay as hoarding, heat hit Vietnam supply

Oil settles higher as weak US economic growth offset by supply concerns

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