Hin Leong Trading may have suffered hidden futures losses of about $800 million
Singapore police said Tuesday they are investigating a major energy trading firm, after revelations that it may have suffered hidden futures losses of about $800 million over several years.
Last Friday, closely held Hin Leong Trading Pte. Ltd. and an affiliated shipping company, Ocean Tankers Pte. Ltd., filed for protection against creditors for 30 days at the Singapore High Court, according to an executive at one of its creditors.
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