China Aviation Oil losses investigated
China Aviation Oil (Singapore) Corp, which supplies a third of China's jet fuel, is being investigated by Singapore's white-collar crime unit after disclosing US$550 million of losses on derivatives trades.

File photo of Chen Jiulin, the former head of Singapore-based China Aviation Oil. The company that supplies most of the jet fuel in China announced late last month that the company had lost over US$550 million in speculative trading.
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