Skip navigation

News from The Globe and Mail

China Aviation Oil ex-CEO pleads guilty in Singapore

The former chief executive officer of China Aviation Oil (Singapore) Corp. pleaded guilty yesterday to six charges related to the Chinese-backed jet fuel trader's near collapse in 2004. Chen Jiulin pleaded guilty in Singapore's subordinate court to insider trading, failure to disclose losses, making false financial statements and conspiring to deceive Deutsche Bank AG into handling the sale of a stake in the company in October, 2004. The company sought protection from creditors in late 2004, after revealing $550-million (U.S.) in derivatives trading losses that had been concealed from investors. AP

© The Globe and Mail

Search the News
Search using one or more of the following options:
    Symbol  Lookup
Search:
 
 
 
 
 
* Can only be used when searching The Globe and Mail and the newswires. Search Tips 

GlobeinvestorGOLD.com

Only GlobeinvestorGOLD combines the strength of powerful investing tools with the insight of The Globe and Mail.

Discover a wealth of investment information and and exclusive features.

Free E-Mail Newsletters

  • Morning news headlines
  • Morning business headlines
  • Financial highlights
  • Tech alert
  • Leisure

Sign-up for our free newsletters



Back to top