The former head of Singapore-based China Aviation Oil says he's ready to
face punishment if convicted of any crime after the company lost over half a
billion dollars in risky oil trades.
Singapore's The Sunday Times quoted the company's former CEO Chen Jiulin as
saying that if he had committed 1,000 crimes, he would face up to them honestly.
Chen was arrested last Wednesday and questioned by police after the company
reported it lost 550 millionn US dollars by betting on the future price of oil.
He is being investigated for unspecified violations of Singapore's Securities
and Commissions Act, but hasn't been charged. He was later released on bail.
The 43-year-old completed graduate studies in Singapore and was one of the
country's highest paid chief executives.
