Minority shareholders in Singapore are calling on the chief executive of
China Aviation Oil, Chen Jiulin, to return salary following massive losses.
Singapore's biggest investors' group, the Securities Investors Association of
Singapore, said the suspended CEO should return his annual salary after it lost
over half a billion U.S dollars from risky oil trades.
Chen Jiulin, one of the city-state's highest-paid executives, has an annual
salary of 4.6 million Singapore dollars or 2.8 million US dollars.
He was arrested two weeks ago. He and his company are being investigated for
suspected violations of securities laws.
