(Bloomberg) — Fabricated documents, suspicious transactions and $192 million in the hole. That’s the predicament two banks claim they’ve found themselves in after funding crude oil deals in the midst of Singapore’s commodities trading meltdown.
The troubled transactions, outlined in court documents, offer the clearest look yet at some of the deals at the heart of a web of scandals in the Asian energy-trading hub that have already caused more than $9 billion in potential losses for…
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