Analysis: Bank seeks damages from BP in landmark Singapore fraud claim
- Date: 21-Dec-2020
- Source: Global Trade Review
- Sector:Financial Services
- Country:Middle East
Analysis: Bank seeks damages from BP in landmark Singapore fraud claim
When it emerged that Bank of China's Singapore branch had filed a High Court lawsuit against BP, accusing the company of engaging in fraudulent oil transactions, eyebrows were raised across the trade finance sector. Following the collapse of energy trader Hin Leong in April 2020 - amid allegations of multiple financing, invoice forgery and other ...
The post Analysis: Bank seeks damages from BP in landmark Singapore fraud claim appeared first on Global Trade Review (GTR).When it emerged that Bank of China's Singapore branch had filed a High Court lawsuit against BP, accusing the company of engaging in fraudulent oil transactions, eyebrows were raised across the trade finance sector. Following the collapse of energy trader Hin Leong in April 2020 - amid allegations of multiple financing, invoice forgery and other ...
The post Analysis: Bank seeks damages from BP in landmark Singapore fraud claim appeared first on Global Trade Review (GTR).
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