Rogue Oil Trader Causes $320 Million Loss at Mitsubishi Corp. Unit
A section of new oil pipe sits at a construction site of the Druzhba crude oil pipeline, operated by Transneft PJSC, near Samara, Russia. (Photographer: Andrey Rudakov/Bloomberg)

Rogue Oil Trader Causes $320 Million Loss at Mitsubishi Corp. Unit

(Bloomberg) -- Mitsubishi Corp. said a rogue oil trader at its Singapore unit lost $320 million in unauthorized transactions disguised as legitimate hedges for customers.
BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.