UPDATE 2-HSBC alleges Zenrock sought multiple loans for same oil cargo – court document
HSBC Holdings PLC has
alleged that Singapore-based Zenrock Commodities Trading Pte Ltd
engaged in a series of “highly dishonest transactions” which
included using the same oil cargo to obtain loans from at least
two different lenders, according to a court document seen by
Reuters.
alleged that Singapore-based Zenrock Commodities Trading Pte Ltd
engaged in a series of “highly dishonest transactions” which
included using the same oil cargo to obtain loans from at least
two different lenders, according to a court document seen by
Reuters.
Posted by Reuters
