Mitsubishi says oil trader lost $320 million

Mitsubishi says oil trader lost $320 million

Mitsubishi, Japan’s biggest trading house, said on Friday a trader at its Singapore-based unit has lost $320 million through unauthorized transactions in crude oil derivatives. The company discovered the loss while trying to trace the trader who had not returned to its Petro-Diamond Singapore (PDS) oil unit after a holiday.

KCooper
KCooper
porcus
porcus 7 months

Wow. Chinese national who hid his activities deliberately and manipulated the risk system to hide what he was doing... Not a small scale either.

FirstCensorshipThenJail
FirstCensorshipThenJail 7 months

I wonder if the money and the trader are somewhere in communist China.

Ghost of a Dead Sperm
Ghost of a Dead Sperm 7 months

oil is gone crab rave

America
America 7 months

Iran did it 🤫🤫🤫

Kevin McAlpin
Kevin McAlpin 7 months

o chit.

ShivatheObserver
ShivatheObserver 7 months

'Lost' Poof! Like that...

Joseph Cribari
Joseph Cribari 7 months

gangster

Bernhard Scholtz
Bernhard Scholtz 7 months

r/hmmmm

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