Mitsubishi lost $320 million of transactions per employee

Mitsubishi потеряла $320 млн из-за сделок одного сотрудника

The reason for this loss was the unauthorized transactions in the oil market, which was conducted by an employee of the Singapore division of the company.

Petro-Diamond Singapore — the Singapore unit of the Mitsubishi suffered losses in the amount of approximately $ 320 million from unauthorized trading in crude oil. This is stated in the statement of the company, RBC.

As reported by Mitsubishi, an employee of PDS, which is engaged in trading crude oil for China, from January 2019 without the knowledge of management repeatedly “involved in derivative trades and concealing them under hedging operations”.

However, he manipulated internal data PDS.

According to the company, the main losses from the actions of the employee started in July, amid falling prices for crude oil. PDS has established that he conducted unauthorized transactions in mid-August.

The company began an investigation. On September 18, the employee was fired, PDS filed a complaint against him to the police.

Recall Carlos Ghosn and former member of the Board of Directors Nissan Greg Kelly was detained November 19, 2018 in Tokyo. The rut was accused of understating the size of his five-year remuneration of half – a $44 million, and Kelly is aiding the Rut.

And on 22 November the Board of Directors Nissan voted for the resignation of Ghosn as Chairman of the group and the dismissal of Kelly.

In late January, Carlos Ghosn resigned from the post of President of Renault.

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