Singapore court denies BP attempts to strike off Hin Leong fraud allegations

SourceGlobal Trade Review
SectorEconomy
CountryGulf

A Singapore court has rejected an appeal by BP to strike off fraud accusations levelled by Bank of China, which was left out of pocket after failed circular oil sales involving disgraced trader Hin Leong. Bank of China’s Singapore branch filed a High Court lawsuit against BP last year, accusing the company of knowingly engaging …

The post Singapore court denies BP attempts to strike off Hin Leong fraud allegations appeared first on Global Trade Review (GTR).

A Singapore court has rejected an appeal by BP to strike off fraud accusations levelled by Bank of China, which was left out of pocket after failed circular oil sales involving disgraced trader Hin Leong. Bank of China’s Singapore branch filed a High Court lawsuit against BP last year, accusing the company of knowingly engaging …

The post Singapore court denies BP attempts to strike off Hin Leong fraud allegations appeared first on Global Trade Review (GTR).

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