Wednesday, April 22, 2009

Ex-GM of Mitsui pleads guilty to helping facilitate the scam

Takayoshi Wada, 46, admitted that he has helped his then-colleague at Singapore-based Mitsui Oil (Asia), Noriyuki Yamazaki, report inaccurate prices of naphtha which helped disguise huge losses that YYamazaki, had run up in his trading.

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