Wednesday, October 22, 2008

Staff that was earlier employed by Mitsui Oil Asia charged in Singapore

Three ex-employees of Mitsui & Co's Singapore oil trading arm have been charged in Singapore. Former naphtha trader for MOA - Noriyuki Yamazaki was charged with falsification of documents. Ex- GM for trading Wada Takayoshi, was charged with abetting Yamazaki in a conspiracy to falsify documents, and Takahashi Masatsugu, the former executive vice president, faces 130 charges of falsifying accounting documents related to naphtha mark-to-market profit and loss figures.

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