Tokyo, Japan
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Japan Mitsubishi Corporation Trading Company Lost $90 Million (CNY 600 Million) in Unauthorized Copper Trades by China Shanghai-Based Trader Gong Huayong, Trades Made with Local China Companies & Some Related Companies and Allowing Some Companies to Defer Payment, Trader Gong Huayong Had Been Fired & Criminal Complaint Filed, Mitsubishi Closed Singapore-Based Oil Trading Unit in 2019 after Trader Lost $300 Million

4th December 2024 | Hong Kong

Japan Mitsubishi Corporation trading company had lost $90 million (CNY 600 million) in unauthorized copper trades by China Shanghai-based trader Gong Huayong, with the trades made with local China companies & some related companies and allowing some companies to defer payment.  The trader Gong Huayong had been fired and a criminal complaint had been filed.  In 2019, Mitsubishi had closed Singapore-based oil trading unit after a trader lost $300 million. 

“ Japan Mitsubishi Corporation Trading Company Lost $90 Million (CNY 600 Million) in Unauthorized Copper Trades by China Shanghai-Based Trader Gong Huayong, Trades Made with Local China Companies & Some Related Companies and Allowing Some Companies to Defer Payment, Trader Gong Huayong Had Been Fired & Criminal Complaint Filed, Mitsubishi Closed Singapore-Based Oil Trading Unit in 2019 after Trader Lost $300 Million “

 



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Japan Mitsubishi Corporation Trading Company Lost $90 Million (CNY 600 Million) in Unauthorized Copper Trades by China Shanghai-Based Trader Gong Huayong, Trades Made with Local China Companies & Some Related Companies and Allowing Some Companies to Defer Payment, Trader Gong Huayong Had Been Fired & Criminal Complaint Filed, Mitsubishi Closed Singapore-Based Oil Trading Unit in 2019 after Trader Lost $300 Million

Tokyo, Japan



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