Fighting fraud and forgery in commodities trading
Singapore’s commodities trading scene has been fraught with scandals. While an industry-wide revamp is underway, would it be enough to restore the Republic’s reputation?
ON THE surface, oil trader Hin Leong was shaping up to be a company that would put Singapore on the commodities map.
In 2019, the group posted a net profit of US$78.2 million for its fiscal year and raked in revenues of close to US$20 billion.
But trouble was brewing behind the scenes.
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