‘Massive’ Forgery Helped Hide $3 Billion Hole in Energy Trader’s Books

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‘Massive’ Forgery Helped Hide $3 Billion Hole in Energy Trader’s Books
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Court-appointed administrators reported that Hin Leong Trading overstated assets by an “astonishing amount”

The study by interim judicial managers, or court-appointed independent administrators, offers the first detailed account of the implosion of Hin Leong Trading Pte. Ltd., a closely held Singapore company that owes $3.

5 billion—mostly to banks, including HSBC Holdings PLC.
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