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BT EXCLUSIVE

Troubled oil trader ZenRock's IJMs uncover doubtful, 'unusually large cash transactions'

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The report’s findings are not at odds with HSBC's allegations of the trader’s “highly dishonest” and “extremely suspicious” practices.

THE interim judicial managers (IJMs) of Singapore’s troubled ZenRock Commodities Trading have uncovered hundreds of “questionable” transactions involving duplicate sales invoices, as well as multiple back-to-back “side transactions” and “unusually large cash transactions” following a scrutiny...

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