The battle for scandal-stricken Hin Leong's oil cargoes has begun

Several banks and an oil company have made claims on Hin Leong's oil cargoes, reports Reuters. There are doubts about the ownership, as Hin Leong has been seeking financing for cargoes that did not exist.

Photo: Edgar Su/Reuters/Ritzau Scanpix

The battle to determine who can lay claim to Hin Leong's oil cargoes, currently located on tanker ships in Asia and Europe, has now begun.

Accountant PwC has issued a new report in which it takes stock of the collapse of the Singapore-based oil trading group.

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